The expansion of PayU’s offering in South East Asia with Red Dot Payment’s direct credit card acquiring license opens up new opportunities for merchants to offer card payments and process payments locally. New capabilities will be available to both domestic merchants expanding across borders and international merchants integrated with the PayU Hub, PayU’s global platform to process cross-border payments.
According to the press release, a direct connection to Visa and Mastercard will make it easier for merchants expanding their presence in South East Asia to process higher volumes of payments in currencies such as USD, SGD, JPY, and EUR. In addition, they will also benefit from improved authorisation and acceptance rates. As the connection is made via a single API integration (PayU Hub), more data insights will be available for merchants to optimise processes and support further revenue streams.
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