- 15000+ Shiprocket Social and Quick eSelling merchants gain access to PayU infrastructure
- Furthers PayU vision to help SMBs build scalable, robust businesses online
Amritsar, NFAPost: PayU, India’s leading online payment solutions provider, has partnered with leading e-commerce platforms Shiprocket Social and Quick eSelling to enable their 15000+ merchants to digitize transactions.
The strategic partnerships re-affirm PayU’s vision to work with SMBs to digitize every step of their business processes. In turn, the partnership with Shiprocket Social will enable PayU merchants to transform their businesses into high-end brands with free online store development; partnership with Quick eSelling will allow PayU merchants to launch, manage and optimize online stores.
In addition to payment solutions, merchant partners of Shiprocket Social and Quick eSelling will also be able to avail other infrastructural support offered by PayU. This includes features such as same-day settlements to manage cash flows, accept international payments, initiate bulk payments, and offer EMIs to customers. Merchants will also be able to improve convenience for customers by offering payments through links, shared via SMS, WhatsApp, Instagram, email.
Commenting on the partnership, PayU India Country Head – Small and Medium Business Noopur Chaturvedi said the company aims to support all SMBs by providing an eco-system of services that help them digitize their businesses.
“Towards this end, we have existing partnerships with leading ecosystem players such as Shopify, Shopmatic, Wix and others. We are proud to now collaborate with Shiprocket Social and Quick eSelling, thus making our solutions available to a larger set of merchants going online. We look forward to a fruitful partnership towards digitizing India!,” said PayU India Country Head – Small and Medium Business Noopur Chaturvedi.
Shiprocket Social CBO & Co-Founder Akshay Ghulati said Shiprocket Social enables SMBs and social sellers to transform their businesses into brands.
“The integration with PayU will help merchants build a hassle-free online presence, along with innovative and multi-faceted digital payment solutions,” said Shiprocket Social CBO & Co-Founder Akshay Ghulati.
Quick eSelling Co-founder Shrenik Gandhi said the compny is thrilled to partner with PayU.
“We have an exceptional tech platform to help retailers and brands set up their online stores and leverage the power of eCommerce. This partnership and PayU’s hassle-free onboarding, high transaction success rates and data analytics support to improve business will give a fresh boost for our digital-savvy merchants,” said Quick eSelling Co-founder Shrenik Gandhi.
Digital payments are expected to reach $135.2 billion in 2023, however, 70 percent of Indian SMBs are still offline indicating a huge opportunity. Through this partnership, Shiprocket Social and Quick eSelling merchants will be able to accept payments via multiple payments options such as UPI, Cards, Net Banking, digital wallets and payment links, increasing ease and convenience for customers.
PayU offers 100% online and hassle-free onboarding, zero set up fee, zero annual maintenance charges, seamless checkout, real-time tracking and reconciliation of transactions and monitoring business on-the-go, enabling SMB merchants and social sellers to optimize their productivity. PayU also offers plugins on multiple platforms including WordPress, Magento, OpenCart, WooCommerce and others to facilitate quick and easy integration and development.
PayU, India’s leading online payment solutions provider, is regulated under the Reserve Bank of India and has advanced solutions to meet the digital payment needs of the Indian market.
PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology. In India, PayU serves more than 350,000 merchants with 70+ local payment methods and is the preferred payments partner for nearly 60% of the e-commerce merchants, including all leading e-commerce companies and a majority of airline businesses.
PayU also developed LazyPay in 2017, an alternate lending platform to offer credit solutions such as Small Ticket Credit (Buy Now Pay Later), App-based loans (Instant personal loans) and Point of Sale Credit (Merchant EMI). LazyPay Buy Now Pay Later is currently live on 100+ merchants such as Byju’s, Swiggy, Flipkart, Makemytrip, Dunzo, Vodafone, Zomato, Bookmyshow, Oyo, Tata Sky and many more.