The SaaS company MO Technologies officially positions as a leading tech partner for PayU.
Colombia, April 8, 2022 – PayU, the leading fintech and online payments provider across high-growth emerging markets , announced its strategic partnership with SaaS credit tech fintech, MO Technologies.
The alliance will help PayU to accelerate innovation and competition within the digital payments industry in Colombia, by strengthening the country’s digital economy, and providing entry to the market for SMEs who were previously unable to access traditional financial services, through MO’s solutions. MO will support the payment gateway with innovative technology covering the end-to-end credit lifecycle to enhance PayU’s value proposition for merchants and consumers.
«Having MO Technologies by our side is very relevant for us. It will certainly lead to our business growth and to keep focusing on covering the customers’ demand for new financial products and services through tech solutions.» Affirmed Francisco León, CEO for PayU in LATAM.
«At MO, our goal is to enable fintech with credit technology and improving credit inclusion,» says Veronica Crisafulli, CEO, and founder at MO Technologies. «Being trusted by one of the largest payment processors of the region and the world, such as PayU, definitely reassures MO as the preferred credit tech partner,» added Veronica.
The initiative will start in Colombia, and it is expected to scale up through Latin America.
PayU is the payments and fintech business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Through its cutting-edge and award-winning technology, they provide payment gateway solutions to online businesses in more than 50 high-growth markets.
About MO Technologies
MO is a fintech that enables credit-issuing for new players through a SaaS end-to-end credit lifecycle management solution covering origination, servicing, and digital collection in a one-stop-shop schema. MO has empowered top players in more than 12 countries across the LAC region with a proven track record. Its productized solution enables a laser speed launch of new credit hyper-personalized products, fully digital and integrated seamlessly.
Contact: Daniela García Sterling
PR & Communications Manager