PayU Takes Central America With Latest Expansion

Online payment service provider based in the Netherlands Pay U is expanding its solutions across Central America.

PayU doubles its presence in Central America with payment processing and payment card industry (PCI) compliance. Its newest territories include Guatemala, Honduras, El Salvador and Costa Rica.

These locations add to the 50+ emerging markets in which the provider is already active.

Of course, Central America itself is one of the fastest emerging e-commerce markets in the world. The region is projected to experience high growth over the next five years thanks to rapidly increasing financial inclusion and internet access.

International purchases remain particularly popular, accounting for almost two-thirds of e-commerce in Panama and El Salvador in 2021. commercial.

PayU offers card processing in USD and local currencies such as Lempira, Colon, Quetzal. This adds to full PCI compliance.

Security and fraud prevention features will be integrated, including authentication protocol 3DS Secure 2.0 and machine learning tools. Deployed together to manage transaction risk.

Access to these markets is expected to provide revenue-generating opportunities for global and regional merchants using PayU’s payment solutions. In addition, the expansion of its services will attract new merchants to Central America’s growing e-commerce environment.

borderless finance

PayU is already active in Latin and Central America, including Panama, so this expansion will strengthen its already strong regional offering.

Mario Shiliashki, CEO, PayU Global Payments

Mario SyriashikiCEO of PayU’s Global Payments Organization Recognizes Expansion as ‘Critical Step in Building the World’ No financial borders

He continued, “It reflects our commitment to providing consumers in high-growth markets with an online payment experience.”

Shiliashki said, “Especially in difficult economic times globally. We are proud to be able to drive the growth of

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