PayU extends offering to Wix to serve e-commerce demand

The partnership leverages the PayU Hub, a single API integration for global borderless online payments, and Wix’s e-commerce platform to enable fast, safe online payments for SMB merchants.

The partnership aims at accommodating the increased e-commerce demand from SMBs in the wake of COVID-19

15/12/2020

London, 15th December 2020: Today, PayU, the e-payments and fintech division of Prosus, announces the expansion of its offering to users of Wix eCommerce, a leading cloud-based web development platform, to serve small & medium-sized businesses (SMBs) in Poland, the Czech Republic and Colombia.

 

The partnership leverages the PayU Hub, a single API integration for global borderless online payments, and Wix’s e-commerce platform to enable fast, safe online payments for SMB merchants.

 

PayU & Wix have been successful e-commerce partners since 2017

PayU has been integrated with the Wix eCommerce platform for merchants in India and Turkey since 2017. After integrating its payments services with Wix, iyzico (PayU Turkey) has seen an increase of 35% in the number of active merchants on the platform and of 115% in payment volumes from Q2 to Q3 2020.

 

Today’s announcement builds on the success of the PayU and Wix partnership in these markets, with the expansion of services to Poland, Czech Republic and Colombia. The ability to offer online purchases and digital payments became vital for many merchants overnight, particularly SMBs, in the wake of lockdowns with these three countries identified as having the strongest growth opportunities.

 

In Colombia, for example, PayU recorded a 48% increase in the number of SMB merchants onboarded in September 2020, compared to the same time last year

For merchants, the ability to transact quickly and seamlessly across borders can open up exponential opportunities.

Today’s announcement is the next step in what has already proven to be a highly beneficial partnership. We are excited to replicate the success we’ve seen in India and Turkey and extend our combined services to SMB merchants operating in Poland, Czech Republic and Colombia at this crucial time. Since the start of the COVID-19 pandemic, we’ve seen changes in consumer behaviours that would usually take decades happen in a matter of weeks. For merchants, the ability to transact quickly and seamlessly across borders can open up exponential opportunities.

Oren Levy, Chief Business Development Officer of Global Payments at PayU

15/12/2020

About Wix

Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online.

 

The Wix Editor, Wix ADI, Editor X, a highly curated App Market, Ascend by Wix and Corvid by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in Austin, Be’er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, San Francisco, São Paulo, Tokyo and Vilnius.

 

 

PayU Media Team

At PayU, there are a lot of exciting global initiatives happening. If you would like to contact the media team, please visit PayU Press Enquiries

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