Merchants’ access expanded to South East Asia by PayU and Red Dot Payment

Direct acquiring licenses to Visa and Mastercard have been provided to Red Dot Payment, a South East Asia focused online-payment solutions provider controlled by PayU, opening up the possibility of wider payment options and locally processed payments for merchants. The PayU Hub, PayU’s global cross-border payments platform allows both local merchants to expand their activity across borders and foreign merchants to enter the domestic market.

“At PayU, we are focused on providing our merchants with the tools and capabilities to expand across borders, particularly in high-growth markets like South East Asia where e-commerce has proven its socio-economic advantages. With these new acquiring capabilities of Red Dot Payments, we are helping global merchants reach even more consumers across the region.” – said Mario Shiliashki, CEO of the Global Payments Organisation, PayU.

The direct connection with Visa and Mastercard facilitates the expansion of merchants, allowing the processing of higher-volume payments and improving authorization and acceptance rates. Furthermore, collecting data through the system is also simplified by the usage of a single API, therefore more insights and more effective evaluation will support growth.

David Owyong, Chief Operating Officer at Red Dot Payment, also commented – “The Visa and Mastercard licenses are the next step in our journey to make payments and e-commerce more accessible. We believe that conquering e-commerce requires a global perspective and we pride ourselves on working closely with our merchants to help them harness the power of payments. As we overcome the turbulence of the past 18 months, we believe that the hospitality sector is the next industry where we’ll witness huge advances when it comes to e-commerce. We’re working to support local merchants in this field as well as create a secure environment for international companies with ambitions to serve consumers in South East Asia”