Giant e-commerce platform ‘Shopify’ has announced its partnership with Payoneer, PayGlocal, and Tazapay. The company aims to make an addition of new payment partners in order to smoothen the cross-border transactions for Indian merchants using Shopify. The platform is accessed by more than 70 million shoppers across the globe. The collaboration between Shopify and the above-mentioned payment partners is to promote business across countries offering an easy process with fewer transaction fees. The collaboration will lead to adding 80 plus new payment methods.
Payoneers is a payment gateway platform that is accessed by millions of companies and individuals and functions in more than 200 countries helping firms grow and connect internationally making transactions easier. PayGlocal offers a payment platform for international shoppers in the Indian ecosystem and is a solution-based firm. Tazapay is a platform focused on cross-border trade for MSMEs assisting them with the latest technology and providing them with their services for simple and safe trade/transaction.
Bharati Balakrishnan, India Country Head, and Director of Shopify said “Reliable payments are a key enabler for merchants to go global effortlessly. Since cross-border transactions form an invaluable share of business for Shopify India merchants, we’ve collaborated with Payoneer, PayGlocal, and Tazapay in a bid to make international payments seamless and more cost-effective.” Further adding that the partnership between these firms will offer several benefits for the merchants such as easier & quicker settlement of a transaction, security, a risk engine built to prevent fraudulent transactions, and backup.
Gaurav Shisodia, Country Head of India Payoneer commented on the partnership saying, “At Payoneer, we are committed to partnering with customers to help achieve their true potential by expanding their business internationally. With the D2C opportunity booming globally, our partnership with Shopify will make it more seamless for Indian brands looking to enter this space and go global, by keeping payments simple, compliant and secure”.
CEO of Tazapay Rahul Singhal said “For most Indian merchants, having the ability to collect payments from their overseas buyers in an easy-to-use, cost-effective way is paramount. What Tazapay offers on Shopify is the ability to collect payments from their international customers using not only credit cards but also cheaper, local payment methods in over 85 countries globally. Tazapay also provides Buyer Protection for all transactions.”
