Juicy Update: PayU Acquires Citrus Pay, Largest Indian Fintech M&A Deal
The Gurgaon, India-based online payment service provider PayU has acquired its rival online payment gateway Citrus Pay. The deal was closed at $130M, making it by far the largest M&A cash deal in Indian fintech.Post completion, CitrusPay will be wholly owned by Naspers. Amrish Rau, an Citrus Pay MD, will become PayU India’s… Read More
Read more in: Fintech, General News, Global | Tagged amrish rau, citrus pay, india, jitendra gupta, laurent le moal, lazypay, naspers, nitin gupta, satyen kothari, sellfie, shailaz nag