Most card networks including Visa and Mastercard are geared to phase out older authentication systems and will be moving to 3DS 2.0 in India by October 2023. With a simple integration, PayU merchants and acquirers can be compliant with the 3DS 2.0 mandate. This lightweight solution allows merchants to control user experience, offers the highest coverage across banks and card networks, and unlocks frictionless, biometric capabilities.
Commenting on this development, PayU’s officials said this product is part of their ongoing commitment to offering a faster and safer digital payments infrastructure for their merchants. With this, they are helping businesses provide customers an augmented user experience, and better success rates while supporting security authentication for all card use cases.
PayU is regulated under the Reserve Bank of India and has advanced solutions to meet the digital payment needs of the Indian market. PayU India aims to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of customers (merchants, banks, and consumers) through technology.
PayU provides payment gateway solutions to online businesses through its technology. The company is one of the leading payment gateways in India and has supported businesses, including leading enterprises, ecommerce giants, and SMBs. It enables businesses to collect digital payments across 150+ online payment methods such as Credit Cards, Debit Cards, Net Banking, EMIs, BNPL, QR, UPI, Wallets, and more. It is a preferred partner in the affordability ecosystem, offering a large coverage of issuers and easy to implement integrations across card-based EMIs, pay later options, and new-age cardless EMIs.
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