PayU, the fintech and e-payments business of Prosus, today launches a report titled “
The Next Frontier: the most promising markets for emerging e-commerce leaders in 2021 and beyond”, highlighting unprecedented consumer spending growth in e-commerce in high-growth markets that have often been overlooked before 2020 in favour of more traditional, Western markets.
The report examines four of the fastest growing consumer sectors where PayU sees the biggest growth potential over the coming years. It reveals that Latin America has the most promising and consistent growth trends and is set to become the new global e-commerce destination for Emerging E-commerce Leaders - fast growing online and omnichannel businesses looking to stand out in their sector.
High-growth markets report unprecedented surge in online consumer shopping, finds PayU global e-commerce report retailtimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from retailtimes.co.uk Daily Mail and Mail on Sunday newspapers.
PayU Partners with Silverflow on Payments Service
Payments Fintech
PayU has partnered with
Silverflow, a cloud-based payments processing startup, to offer Payment Service Providers (PSPs) a new card acquiring process. According to a release, by combining Silverflow’s direct connection to the card networks with PayU’s acquiring capabilities, the two companies will improve the processing and settlement within the card acquiring process and drive innovation across the wider payments industry.
PayU explains that by allowing direct access to card networks through a single API Silverflow’s platform allows PSPs to instantly add new functionality, streamline quality data flows and significantly reduce costs.