ReD Launches Antifraud Solution in India and South Africa
Oct. 18, 2012
Retail Decisions (ReD), a London-based antifraud technology provider, said this week it has launched its flagship solution—ReD Shield—with Pay U in the online and mobile payments provider’s India and South Africa regions. Pay U processes transactions for more than 1,100 merchants in India and handles more than 65 percent of the e-commerce transaction value in South Africa.
“The risk of processing cross-border transactions in India is currently quite high,” said Nitin Gupta, country head for PayU India. “By partnering with ReD we intend to change that by bringing world-class processing and risk management capabilities to India at an affordable price. This will give our merchants the confidence to open up their trading channels and benefit from the opportunities presented by international commerce.”