A global online payment service provider "PayU" has been
introduced in Nigeria with innovations that will continue to make the market
more competitive.
The PayU Payments Nigeria Limited with trading name as
"PayU", according to its Country Manager, Juliet Nwanguma, is a
recently established payment business in Nigeria and fully approved by the
Central Bank of Nigeria in line with its initiative to promote cashless
economy.
The company which simplifies online payment transactions, forms part of
the leading and trusted PayU group of companies (PayU Group) owned by Naspers.
Globally, the PayU group of companies provides payment processing and
related services to merchants and consumers.
The PayU Group’s strength lies in its local approach to payments: valuing
local language and culture.
By establishing a local presence in Nigeria, this further underscores
the Group's values.
"PayU" offers simple and secure online payment services to
merchants enabling them to accept payments of goods and services using debit
and credit cards from their customers and other alternative payment methods as
well.
Speaking with journalists in Abuja during the 2016 annual retreat of
the Committee of e-Banking Heads (CeBIH), she said PayU is a leading online
payment service provider in 16 global markets.
Nwanguma said, "Our objective is to provide simple and secure
online payment solutions to merchants and consumers. This objective is in response
to the growing market and regulatory needs to take cash payments online and
digitise the economy, whilst at the same time ensuring financial inclusion for
all.”
"We started operations last year, so we are a young and growing
business. Our aim is to look at the needs of merchants in the country and
develop innovative payment solution that will solve their problems and grow
their revenue in the online space. And for consumers, offer them a simple and
secure means of payments to merchants and businesses.
"For us, our value proposition is based on our technology which
enables us to provide superior products offerings and develop innovative
payment solutions. We offer various services and solutions to enable different
sizes of merchants and businesses to receive online payments with or without a
website and also provide automated collections of regular payments from their
customers. We understand payment processing from end to end and work with
merchants to offer payment solutions based on their needs and requirements. Our
payment solutions are innovative, secure and reliable. Another unique value
proposition is our culture."
According to her, "the dynamic and lean nature of our
company enables us to provide excellent customer service and support. We are
easily accessible and customers can talk to us and get in touch with our
executives easily. This gives an edge over competition."
Nwanguma speaks further on some of the features of PayU payment gateway
which is in line with global payment offerings.
"Secure processing of local and international debit, prepaid and
credit cards for online and mobile payments with 3D secure and 2-factor
authentication, seamless integration options based on the size and need of the
merchant or business, pre-integrated plugins to popular shopping carts to
enable ecommerce merchants to start selling immediately, tokenisation and
recurring features for regular payments to improve collections, additional
fraud management services to further secure merchants' transactions, and easy
and flexible reporting interface to view and monitor transactions as they
happen real-time."
PayU offers simple and secure payments solutions whether online, mobile
or offline. We give merchants and businesses the right tools to safely accept
payments and can tailor their unique payment needs according to their business
requirements. Our expertise in payment processing enables us to work with
businesses of any size and in any industry to develop a clear payment strategy
allowing them to focus on their core business.
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