MIAMI, United States | PrestaShop, the world's most popular e-commerce solution powering more than 125,000 online stores worldwide, recently partnered with PayU Latam to offer all of Latin America the safest, most cost-effective method for processing online transactions.
According to eMarketer, the e-commerce industry in Latin America is still in its infancy with sales reaching $36.82 billion in 2012. However, online shopping is showing signs of accelerated growth. Projections show that by the year 2016, B2C sales will surpass $62.42 billion. This figure represents a 58 percent growth in only four years. "The PrestaShop/PayU Latam partnership couldn’t have come at a better time. As the Latin American e-commerce market continues to grow, we're excited to offer online merchants a quick, safe and easy way to processes internet transactions," said Matt Serralta, PrestaShop's Chief Operating Officer.
The free PayU Latam module is included as a native feature inside all versions of PrestaShop v1.5. No download is required, and installation can easily be completed in one click. "PayU Latam is proud to be natively included into PrestaShop. Now, thousands of merchants from Latin America can access our premium payment services within the PrestaShop solution," said Martin Schrimpff, Business Development Director at PayU Latam.
PayU Latam offers account options for both local and international merchants. Therefore, e-merchants in Latin America looking to sell products within their country can do so at an extremely affordable rate. For merchants who desire to enter the Latin American e-commerce market, PayU Latam's International option is the perfect way to offer and accept local payment methods in every Latin American country.
The PayU Latam brand is operated by Pagosonline, a company with 10+ years of experience in the commerce industry throughout Latin America. Pagosonline is PCI DSS certified and widely recognized by companies such as Veracode for its state-of-the-art security standards. Every online store owner, in Latin America or anywhere in the world that chooses PayU Latam, can rest comfortably knowing that their business is protected by the most advanced fraud-prevention technology on the market. With PayU Latam, merchants never have to worry about maintaining the financial integrity of their online business.
PrestaShop and PayU Latam make opening and online store in Latin America easier than ever. So what are you waiting for? Start building your online business today by downloading PrestaShop's free e-commerce solution.
PrestaShop continues to be the world’s most popular open source e-commerce solution powering more than 125,000 stores worldwide. Backed by leading industry partners, PrestaShop ensures easy online selling by providing more than 310 native features that can all be customized to fit the needs of every online business. The growing success of PrestaShop’s software is thanks to countless code contributions, suggestions and encouragement from its ever-expanding 350,000 member Community. PrestaShop is the proud winner of Packt Publishing's 2010 and 2011 Best Open-source Business Application awards, and its passion for pursuing excellence is fueled by business owners who desire a free, powerful and easy e-commerce solution.
About PayU Latam
PayU Latam is the payment platform for Latin America of PayU Group; a company that represents companies dealing with online payments in Europe, Asia, Africa and Latin America. The company offers a complete outsourcing for online payments to any business wanting to sell in Latin America. The PayU Latam brand enters the Latin American market operated by Pagosonline; a company with 10 years of experience in payments solutions in the region and recognized by internationally for its security standards.
Bryan M. Shaw