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, lazypay, payu, 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, india, laurent le moal, lazypay, naspers, nitin gupta, shailaz nag
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