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Monday, December 05, 2016

PayU committed to simplify payment systems in Nigeria -Nwanguma

The country manager of a global online payment service provider, PayU Payments Nigeria Limited, Juliet Nwaanguma, has reiterated the commitment of the company to simplify payment systems in the country, reports ITRealms.

She also said that PayU is coming to Nigeria with innovations capable of making the market more competitive, as the company is fully approved by the Central Bank of Nigeria (CBN) in line with its initiative to promote cashless economy.

Speaking in Abuja at the end of Committee of e-Banking Heads (CeBIH) meeting, she told ITRealms, PayU is part of the leading and trusted PayU group of companies owned by Naspers.

Noting that globally, PayU group of companies, provides payment processing and related services to merchants and consumers, even as the group’s strength lies in its local approach to payments, anchored on valuing local language and culture.

Nwanguma pointed out that by establishing a local presence in Nigeria, this further underscores the group's values.

"PayU" offers simple and secure online payment services to merchants enabling them to accept payments of goods and services using debit and credit cards from their customers and other alternative payment methods as well,” she said.

The country manager further said PayU is a leading online payment service provider in 16 global markets with the objective 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,” she said.

PayU, she said, commenced operations last year in Nigeria, with the aim of looking at the needs of merchants in the country and developing innovative payment solutions 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,” she declared.

The value proposition of the company, she said, is based on technology which enables provision of superior product offerings and develops 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,” she said.

Uboshe Uboshe/GEE
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