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Shopmatic Partners with PayU

Merchants in India will enjoy simplified payment acceptance from multiples devices, channels & payment modes

International e-commerce company Shopmatic has inked a strategic partnership with India’s leading online payment solutions provider PayU. This partnership is meant to provide Shopmatic merchants with another option to accept payments from customers when they sell their products. This integration enables Shopmatic merchants to accept payments from customers, seamlessly and from multiple channels, devices, and modes, on a single platform.

Shoppers today prefer the flexibility to leverage a wide gamut of payment options, for making purchases online. Shopmatic will, therefore, help its merchants leverage multiple payment options on their e-commerce web stores by integrating with PayU. These options include payment acceptance via UPI – Google Pay, Phone Pe, Bhim, as well as eWallets, debit and credit cards, and net banking. On its part, PayU will provide Shopmatic merchants with access to a powerful dashboard for managing transactions and tracking business performance on the go.

Commenting on the association, Anurag Avula, Co-Founder & CEO, Shopmatic, said, “We are delighted to partner with PayU and extend a seamless and hassle-free experience for payment acceptance for our sellers. The PayU onboarding experience is simple, quick and provides an extensive suite of payment methods. Partnering with PayU continues to cement our promise to our merchants to make e-commerce completely easy and friction-free. Shopmatic will continue to partner with established brands that strengthen our ecosystem and aid in driving digital success for our merchants.”

Noopur Chaturvedi, country head, small and medium businesses, PayU said, “As an industry leader, we are constantly looking for ways to make the payment experience simpler and effective for merchants in India, and thereby accelerating their growth in the digital ecosystem. We are delighted to partner with Shopmatic to extend instant and easy omnichannel payment solutions to its merchants. Through this partnership with Shopmatic, we are powering the ambitions of the small and medium merchants. We are confident that our innovative payment solutions will simplify payment processes for Shopmatic’s merchant partners.”

The integration with PayU will also provide Shopmatic merchants with omnichannel refund modules, assisting them with bulk refunds for both online and offline transactions. They will also be able to track all the refunds through a single dashboard. Apart from the wide-ranging payment offerings, the partnership will also enable Shopmatic merchants with a quick, easy and convenient onboarding process.

Over the past six months, Shopmatic has acquired over 260,000 new customers on its platform and is on track to acquiring 500,000 customers in FY2019.

From domain name registration to easy integration with domestic and international payment gateways and shipping partners; from getting discovered via the curated platform Shopmatic World and multiple marketplaces to POS, inventory management and CRM solutions; Shopmatic helps business owners manage the full spectrum of their business.

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