Our Biggest Competitor Is Cash, Says PayU Co-Founder

By April 10, 2016Bitcoin Business

CoinTelegraph talks to Martin Schrimpff, Co-founder and Head of Global Sales of PayU. He is a big believer that Bitcoin can be a way to invest money. As currencies are changing dramatically around the world, it is a nice decentralized currency, completely out of any government control.

Martin Schrimpff has founded 6 Tech companies with skills in the area of Business Development and strategic partnerships and experience in setting up operations in various latin American Countries like Brazil , Colombia, Mexico , Argentina , Peru and Chile. What is PayU?

PayU is a leading online payment service provider present in 16 high growth markets in Asia , Central and Eastern Europe , Latin America and the Middle East and Africa . It offers 250+ payment methods and more than 1,400 payment specialists, and at the moment they have 100,000+ merchants’ and millions of buyers.

PayU see their strength in their local approach (valuing local language and culture). 90% of their revenues come from local transactions .

Martin Schrimpff explains to CoinTelegraphCT r: 33 : “We are specialising on the emerging markets, and we focus on those emerging markets. They are very exciting markets for us, and necessarily easy markets. We have gone to the local markets, we have 104 000 employees, out of which only 20 sit in our headquarters in Amsterdam , the rest is spread around the world. I’m Colombian, our CEO is French. Our company is really international.” What they do is they provide services locally – credit cards and cash payments , ecommerce merchants. Recently, in last year and a half they have such rave payments and hot markets which are hard to get into. They service global merchants like Google , AirBnB, Booking .com, Sky, Facebook .

Serving these global merchants, PayU are enabling cross border payments. They […]

Leave a Reply

All Today's Crypto News In One Place