News

PayU partners with Silverflow to revolutionise card acquiring process for PSPs

Tuesday 2 February 2021 10:17 CET | News

PayU has partnered with Silverflow, the cloud-based payments processing startup, to offer payment service providers (PSPs) globally a new card acquiring process

According to the press release, by combining Silverflow’s direct connection to the card networks with PayU’s expansive acquiring capabilities, the move will revolutionise processing and settlement within the card acquiring process and drive innovation across the wider payments industry. By allowing direct access to card networks through a single API Silverflow’s platform enables PSPs to instantly add new functionality, streamline quality data flows, and significantly reduce costs. 

This means PSPs no longer have to connect to acquirers multiple times over, reducing the complexity and cost of managing a network of card processing solutions. Besides, PayU’s compliance expertise and Acquiring Licences streamline the process further, saving valuable time and resources for PSPs. 

PSD2 has encouraged many PSPs to look into improving their acquiring capabilities and becoming acquirers themselves to future-proof their businesses. However, PayU’s global expertise combined with Silverflow’s cloud-native platform creates a cheaper, managed service. 

Overall, PayU’s partnership with Silverflow indicates their common goal to drive technological innovation in the global payments industry, creating greater transparency, efficiency, and security to benefit merchants and cardholders. 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: PayU, Silverflow, business partnership, payments processing, payment service providers, PSPs, card acquiring, merchants, cardholders
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce






Industry Events