Netherlands-based online payments provider PayU has teamed up with Czech Republic’s deferred payments platform Twisto.

Under this partnership, PayU will bring additional payment methods to its ‘PayU Pay Later’ platform users.

The existing online retailers and brands will be able to leverage the payment system of PayU so that they can provide customers with access to Twisto’s deferred payment solution.

Twisto will be integrated via the PayU Pay Later platform’s API, allowing online shoppers to postpone their payments for up to 21 days without any cost or registration requirement.

Additionally, they can postpone their payments for up to 45 days if they have a Twisto account.

In February last year, PayU offered Twisto at online stores in Czech, as a payment option.

The deferred payments solution has been made available by Twisto and the Polish PayU payment gateway, for 4,000 retailers in Poland and the Czech Republic.

The partnership will boost Twisto’s retail partner network in Poland.

Twisto country manager Adam Miziołek said: “The next stage of our partnership with PayU is critical in cementing Twisto as the leading deferred payments provider across Poland and the CE region.

“Establishing this partnership with PayU is also good news for the merchants who will gain access to a simple tool enabling them to grow the average spend of customers.

“As consumers are able to spread the cost of more expensive items, interest-free, over longer periods, basket-abandonment will decrease.”

PayU head of consumer credit Martyna Szczepaniak said: “The partnership continues our strategy to develop a portfolio of consumer finance products offered in cooperation with both our banking partners and the best fintechs in the market.

“This offering is an excellent addition for the millions of shoppers who pay through PayU each month.

“Together with Twisto we are working on making deferred payments available to our partner merchants in the coming weeks.”