New Partnership Gives Cloudbeds’ Properties A Secure Payment Option in Latin America

SAN DIEGO — Cloudbeds and PayU recently partnered to offer a secure electronic payment processing solution to hospitality properties located in Latin America. Properties that activate this integration will be able to receive online payments from guests whether they pay with a local or international credit card.

Thousands of properties will benefit from the highest security protocols and a competitive promotional rate from PayU for six months if they open an account with PayU before Dec. 12, 2018. This payment gateway is available now to properties located in Brazil, Mexico, and Peru, with Chile, Argentina, Panama, Colombia, and more countries coming online soon.

"This partnership with PayU provides state of the art security and payment automation to our properties and their guests," said Sebastien Leitner, Director of Global Partnerships at Cloudbeds. "It aligns nicely with our product and partnership strategy."

Properties that use Cloudbeds' property management system will be able to process payments online directly from the Cloudbeds' interface without a physical point of sale device.

In addition to Latin America, this technology will soon be available to properties located in India.

About PayU

PayU uses its history and experience in payment means to provide financial services in emerging markets. With operations in Asia, Central and Eastern Europe, Latin America, the Middle East, and Africa, PayU is the main online payment services provider in 17 high-growth markets, offering a fast, simple, and efficient process for merchants and buyers in different channels (desktop, mobile devices, e-wallet, and physical retail). It currently operates more than 250 payment methods in more than 25 currencies, reaching nearly 2.3 billion potential consumers. PayU has more than 1,800 payment specialists who support more than 300,000 merchants and millions of consumers who make payments through the tool. The company is part of the online payments division of Naspers Ltd., which in Latin America has incorporated Pagosonline and DineroMail, and the Brazilian companies Bcash and Fcontrol, and is now one of the five leading companies of the sector in the region.

ABOUT CLOUDBEDS

Cloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide. Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics. Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2024) by Hotel Tech Report, World's Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte's Technology Fast 500 in 2023.

Property Technology Finance & Accounting