PayU payment gateway integrates with Google Pay in Colombia
By Gloria Methri
PayU has become the first payment gateway in Colombia to integrate Google Pay (GPay). This integration provides users with a smooth payment experience, allowing faster and safer transactions while redefining how Colombians shop.
In a country where mobile payment growth is projected at 22% annually, adopting solutions like Google Pay is essential to meet market demand. With this integration, many Google users will have access to a method that facilitates secure transactions in just two clicks.
Globally, over 40% of consumers already use digital wallets, and in Latin America, the use of these tools is expected to grow by 30% annually in the coming years.
Google Pay simplifies the payment experience by securely storing card information on its servers and using tokens for each transaction. This system allows a payment token to be sent to the user’s device, which is then converted into card information before communicating with the bank. Thanks to this advanced technology, users can make transactions in just a few clicks, while online stores benefit from a seamless experience, as Google Pay ensures secure transactions.
Key Benefits
- GPay enhances the consumer experience and boosts conversion rates. By registering their card on Google Pay, users can complete transactions in just two clicks.
- Google Pay and PayU’s encryption and tokenisation technology protect financial information by preventing the transmission of sensitive data, reducing the risk of fraud.
- GPay supports a wide variety of devices, accommodating Latin America’s diverse technological landscape and expanding merchants’ reach.
Boosting eCommerce in Colombia
With the integration of Google Pay, PayU offers Colombian consumers a modern, secure, and efficient payment experience that enables quick transactions without complications, protects financial information, and provides greater convenience across any device. PayU continues to lead innovation in digital payments, making life easier for both merchants and end-users while driving eCommerce growth in the country.
“The integration of GPay responds to the needs of consumers and merchants for innovative tools that simplify the payment process,” said Jaime Parra, Head of Product LATAM at PayU.
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage