Tagged: payu

Fintech Rapyd Announces Partial Acquisition of PayU Global Payment Organization

Rapyd, the global Fintech-as-a-Service provider, announced the acquisition of PayU Global Payment Organization (GPO; not including PayU’s India, Turkey, and Southeast Asia operations) of Netherlands-based Prosus, a global consumer internet group and one of the largest technology investors in the world. PayU GPO, a provider… Read More

Indian Fintech KreditBee, PayU to Deliver Online Checkout Finance Services

KreditBee, which claims to be one of India’s leading fintech platforms, announced its partnership with PayU, a digital payments solution provider. Together, they offer customers the option “to convert their online purchases worth between ₹2400 up to ₹2 lakhs into easy cardless EMIs during checkout.”… Read More

PayU Survey Indicates Opportunity for Global Merchants to Pursue US Consumers

Payments provider PayU has distributed a survey that queried US consumers that claims there is a big opportunity for international merchants to capitalize on US consumer demand not being met domestically. According to PayU: 48% of Americans who have bought online from retailers based abroad… Read More

PayU has Acquired Ding in Colombia

PayU has received regulatory approval to acquire Tecnipagos S.A., doing business as Ding, a company providing electronic payments and deposits in Colombia. PayU is the payments operation of Prosus. In a corporate statement, PayU noted that it is present in more than 50 markets around… Read More

Treinta Raises Supersized Series A in Latin America Backed by PayU

Treinta, a super-app that aims to provide SMEs with a range of services supporting these firms across the Latam region, has raised a large $46 million Series A funding. According to the company’s website, in Latin America there are more than 50 million microenterprises, of… Read More

Ayoconnect Welcomes $15M Series B, Attracts Tiger Global, PayU as Investors

Southeast Asian open finance platform Ayoconnect has closed a $15 million Series B financing round led by Tiger Global. The round was joined by PayU, the payments and Fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid co-founder William… Read More

BNPL: PayU, Partners with SBM Bank India to Launch LazyCard

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

Radar Payments Chosen by Red Dot Payment

Radar Payments by BPC has been by Red Dot Payment (RDP), an e-commerce service focused primarily on serving the e-commerce and hospitality verticals. According to a release, RDP has selected the Fraud Risk Management and Prevention solutions delivered as a SaaS model. RDP was founded… Read More

Latam: PayU Says it will Hit $8 Billion in Transactions in 2021

Latam Fintech PayU says it will hit $8 billion and 300 million transactions in 2021. PayU says it has experienced an 80% user growth since 2019. PayU is a is the payments and Fintech business of Prosus and a leading online payment service provider, operating… Read More

PayU Subsidiary Red Dot Payment Receives, Visa, Mastercard Licenses

PayU, this week announced its controlled company Red Dot Payment, a Southeast Asia-focused online payment solutions provider, has received direct acquiring licenses and connectivity to Visa and Mastercard. The expansion of PayU’s offering in South East Asia with Red Dot Payment’s direct credit card acquiring… Read More

PayU Adds Partnership with Visa in Europe

Payment service PayU has announced a partnership with Visa. According to a release, PayU is launching its Card Push service to provide businesses with efficient payments. By leveraging Visa Direct, a real-time push payments platform, businesses using PayU Card Push will be able to instantly… Read More

PayU Partners with Silverflow on Payments Service

Payments Fintech PayU has partnered with Silverflow, a cloud-based payments processing startup, to offer Payment Service Providers (PSPs) a new card acquiring process. According to a release, by combining Silverflow’s direct connection to the card networks with PayU’s acquiring capabilities, the two companies will improve… Read More

PayU and Twisto Partner in Poland on Deferred Payments

Payments provider PayU has partnered with Twisto, a Czech Fintech offering deferred payments, in Poland to bring more payment options to the ‘PayU Pay Later’ platform. The “Buy Now Pay Later” (BNPL) service is available to current online retailers using the PayU platform. Since February… Read More

Southeast Asian Countries are Increasingly Adopting Digital Payments, but Regulatory Issues May Slow Adoption, Fintech Exec Argues

Fady Abdel-Nour, Head of Global M&A and Investments at PayU, a Fintech firm that provides payment technology to online merchants, has noted that regulators in Southeast Asia are working hard to ensure that digital payments are adopted by consumers. Abdel-Nour has pointed out that UPI,… Read More

U.S. Money Transfer Service Remitly Secures $85 Million Though Latest Funding Round Led By Prosus’ PayU

Remitly, a U.S.-based online money transfer service, announced on Wednesday it secured $85 million through its latest investment round, which was led by Prosus’s PayU, at a $1.5 billion valuation. Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold… Read More

Remitly Raises $85 Million at $1.5 Billion Valuation as Business Booms During COVID

Remitly, a Fintech providing transfers targeting the immigrant community, has raised $85 million at a $1.5 billion valuation. Remitly said its business is booming during the COVID-19 pandemic. FT Partners served as the financial advisor to Remitly on this transaction with existing investor PayU leading… Read More

India-based PayU, a Leading Payment Gateway, Introduces Initiatives to Help Merchants and SMEs Deal with COVID-19 Crisis

India-based PayU, a leading payment gateway, has introduced several projects and measures,  in order to assist local vendors, small and medium enterprises (SMEs), and business owners in dealing with the disruption due to the Coronavirus (COVID-19) outbreak. The initiatives launched by PayU will help businesses… Read More

Bakkt Raises $300 Million Backed by Microsoft, Boston Consulting Group & More

Bakkt has raised $300 million in a funding round led by very big names including Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital. Of course, Bakkt’s sibling the Intercontinental Exchange (NYSE:ICE) participated as well. The Form D (506b) filed with… Read More

Dot Receives $8 Million in Funding led by PayU, Fosun RZ Capital & Info Edge Ventures

Dot, a digital transformation platform for offline to online commerce, has received $8 million in funding led by PayU and Fosun RZ Capital with participation from Info Edge Ventures and more. Dot was founded by PayU India’s ex co-founder Shailaz Nag. Dot says it currently… Read More

PayU Consolidates India Credit Offering By Merging LazyPay & PaySense

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