PayU has partnered with SBM Bank India to launch LazyCard, a prepaid card backed by a credit line. LazyPay is PayU’s BNPL solution. According to a company statement, the card aims at empowering the financially underserved with easy access to credit. LazyCard is said to… Read More
Read more in: Asia, Fintech | Tagged india, lazycard, lazypay, neeraj sinha, payu, prashanth ranganathan, sbm bank india
Global online payment service provider PayU announced on Friday it is merging consumer lending business LazyPay and digital credit platform PaySense to build a full-stack digital lending platform in India. PayU reported it will acquire a controlling stake in PaySense and all its assets at… Read More
Read more in: Fintech | Tagged digital credit, lazypay, merger, online payments, paysense, payu
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
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