According to the press release, the partnership leverages the PayU Hub, a single API integration for global borderless online payments, and Wix’s ecommerce platform to enable fast, safe online payments for SMBs merchants. Moreover, PayU has been integrated with the Wix eCommerce platform for merchants in India and Turkey since 2017.
After integrating its payments services with Wix, iyzico (PayU Turkey) has seen an increase of 35% in the number of active merchants on the platform and of 115% in payment volumes from Q2 to Q3 2020. Today’s announcement builds on the success of the PayU and Wix partnership in these markets.
The ability to offer online purchases and digital payments became vital for many merchants overnight, particularly SMBs, in the wake of lockdowns with these three countries identified as having the strongest growth opportunities. In Colombia, for example, PayU recorded a 48% increase in the number of SMB merchants onboarded in September 2020, compared to the same time last year.
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