PayU, a Leading Online Payments Service in Africa, Emerging Markets, to Offer Celo Stablecoin as a Payment Option

PayU, one of the largest online payment service providers for emerging markets, has announced a collaboration with Celo, the African-focussed and mobile-first blockchain ecosystem, to offer the Celo stablecoin, cUSD, as a payment option to its merchants.

PayU, which processes approximately 3.2 million payments per day, supports over 450, 000 merchants and millions of customers across Africa, Latin America, and Asia.


SEE ALSOSouth African Exchange, Luno, Integrates PayU in Nigeria for Faster and Easier Crypto Purchases


The collaboration will now allow users to easily pay for services, products, and subscriptions using cUSD across retail outlets at participating merchant outlets.

PayU offerings and partner merchants across Africa can be found in:

Speaking about this collaboration, Mario Shiliashki, CEO, PayU Global Payments, said:

“This move aligns with our vision of a world without financial borders where everyone can prosper.

We strive to equip merchants and their customers with the latest payments solutions and this drive​​ has led us to invest in CELO and purchase tokens, in addition to integrating the stablecoin offering for our clients and partners.

                  – CEO, PayU

To enable seamless payments via cUSD, PayU is deploying First DAG, as a procesing rail and custodial wallet between the merchants and their banks of choice, allowing them to accept cUSD without integrating additional blockchain components.

The collaboration will also see PayU and First DAG join Celo’s Alliance For Prosperity which enables collaborations among alliance members and across technology stacks while offering developers a way to build decentralized applications (dApps) on the Celo blockchain.


RECOMMENDED READING: Opera, Africa’s Leading Mobile Browser, Adds Africa-focused Celo as its First Ecosystem Stablecoin


Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT


Follow us on Twitter for latest posts and updates

Join and interact with our Telegram community


Subscribe to the channel below to keep updated on latest news on video:


Open a Paxful Bitcoin Trading Account today!