PayU partners with Twisto to provide deferred payments across Poland

By Sunniva Kolostyak

Online payments provider PayU has partnered with Czech deferred payments specialist Twisto to bring additional payments options to users of the ‘PayU Pay Later’ platform.

The partnership will serve all existing online retailers and brands using the PayU payment system, allowing them to offer Twisto’s deferred payment solution to their customers.

The Twisto solution will be integrated through the PayU API as part of the ‘PayU Pay Later’ platform and give online shoppers the choice to postpone payments at no extra cost for up to 21 days without registration, or up to 45 days with a Twisto account.

PayU first started offering Twisto as a payment method for online stores in the Czech Republic in February 2020, and the availability of deferred payments has been made possible by Twisto and the Polish PayU payment gateway.

Martyna Szczepaniak, Head of Consumer Credit at PayU, said implementing Twisto into PayU’s payment offering is a great step forward in the FinTech’s mission to offer greater choice to end-users.

“The partnership continues our strategy to develop a portfolio of consumer finance products offered in cooperation with both our banking partners and the best FinTechs in the market. This offering is an excellent addition for the millions of shoppers who pay through PayU each month. Together with Twisto we are working on making deferred payments available to our partner merchants in the coming weeks,” she said.

Adam Miziołek, Country Manager at Twisto, added: “The next stage of our partnership with PayU is critical in cementing Twisto as the leading deferred payments provider across Poland and the CE region. We are proud to offer the most inclusive solution available for stores here in Poland, while also helping them develop their presence as international merchants. We are significantly expanding our base of partner stores to become number one in terms of the number of merchant served on our market.”

“Establishing this partnership with PayU is also good news for the merchants who will gain access to a simple tool enabling them to grow the average spend of customers. As consumers are able to spread the cost of more expensive items, interest-free, over longer periods, basket-abandonment will decrease.”

Currently, the possibility of deferred payment with Twisto is offered by around four thousand retailers in Poland and The Czech Republic. Thanks to the partnership with PayU the number of Twisto partner retailers in Poland will increase several dozen times.