A global online payment service provider, PayU has been introduced in Nigeria with innovations that will continue to make the market more competitive.
PayU Payments Nigeria Limited with trading name as “PayU”, according to its Country Manager, Juliet Nwanguma, in a statement is a recently established payment business in Nigeria and fully approved by the Central Bank of Nigeria in line with its initiative to promote cashless economy.
The company which simplifies online payment transactions, forms part of the leading and trusted PayU group of companies (PayU Group) owned by Naspers. Globally, the PayU group of companies provides payment processing and related services to merchants and consumers. The PayU Group’s strength lies in its local approach to payments: valuing local language and culture. By establishing a local presence in Nigeria, this further underscores the Group’s values.
Speaking with journalists in Abuja during the 2016 annual retreat of the Committee of e-Banking Heads (CeBIH), according to the statement, Juliet said PayU is a leading online payment service provider in 16 global markets.
Nwanguma said, “Our objective is to provide simple and secure online payment solutions to merchants and consumers. This objective is in response to the growing market and regulatory needs to take cash payments online and digitise the economy, whilst at the same time ensuring financial inclusion for all.”
“We started operations last year, so we are a young and growing business. Our aim is to look at the needs of merchants in the country and develop innovative payment solution that will solve their problems and grow their revenue in the online space. And for consumers, offer them a simple and secure means of payments to merchants and businesses.
“For us, our value proposition is based on our technology which enables us to provide superior products offerings and develop innovative payment solutions. We offer various services and solutions to enable different sizes of merchants and businesses to receive online payments with or without a website and also provide automated collections of regular payments from their customers. We understand payment processing from end to end and work with merchants to offer payment solutions based on their needs and requirements. Our payment solutions are innovative, secure and reliable. Another unique value proposition is our culture.”
According to her, “the dynamic and lean nature of our company enables us to provide excellent customer service and support. We are easily accessible and customers can talk to us and get in touch with our executives easily. This gives an edge over competition.”
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