PayU Acquires Israeli Payment Technology Provider, ZOOZ, with a shared vision to create new global standard in payments infrastructureHoofddorp, The Netherlands – July 23, 2018: PayU today announces the acquisition of leading payments technology platform ZOOZ. The deal supports PayU’s ongoing expansion into high growth markets and targets the $994 billion opportunity in cross border payments.
PayU’s method for abandoned baskets — a deferred payment is already available in thousands of online storesAs many as 42% of Internet users admit that they did not finish their purchase due to lack of sufficient funds on their accounts . For on-line merchants this means millions of abandoned baskets a year. A new way of online shopping financing, namely the PayU “Pay Later” service, is the answer to this problem. Buy today, pay later — even within 30 days — this is how PayU’s deferred payment works and supports e-commerce development in Poland.