PayU, Naspers’ payments firm, is expanding into Southeast Asia through the acquisition of a majority stake in Red Dot Payment (RDP), a Singapore-based online payment Fintech. RDP currently serves more than 500 merchants in 22 countries. RDP supports global and local alternate payment methods such… Read More
Just a couple months after acquiring digital payments company, Wibmo, global online payment service provider PayU has now acquired Turkish digital payments provider, iyzico, for $165 million. PayU reported that the acquisition adds to the more than $500 million that the company has deployed across… Read More
Global online payment service provider PayU announced on Friday it has acquired digital payments company Wibmo for $70 million. PayU reported that the acquisition combines its merchant network and Wibmo’s leadership in digital transaction security solutions to offer payments solutions to merchants and financial institutions in India and… Read More
Naspers-owned PayU, an India-based online payments service provider, has appointed Anirban Mukherjee as its new Chief Executive Officer of PayU India. Mukherjee will report to PayU Global CEO Laurent Le Moal. As well as leading PayU’s Indian business, Mukherjee joins PayU’s global leadership team with… Read More
PayU has acquired payments technology platform ZOOZ, according to a release from the firm. The deal is described as supporting PayU’s ongoing expansion into high growth markets in cross border payments. Terms of the deal were not disclosed but PayU says its total sum of… Read More
On Wednesday, global online payment service provider PayU announced it is collaborating with Kreditech, a digital consumer lending group that uses machine-learning based underwriting, to launch the beta phase of PayU Monedo in India. According to PayU, PayU Monedo is set to provide cardless EMIs (equated… Read More
Kreditech, a Hamburg, Germany based Fintech company targeting the digital banking space, has received a €110 Million equity investment from PayU – a leading payments provider. The investment is the largest ever for a German Fintech firm. PayU has now acquired a significant minority stake in… Read More
On Tuesday, payment service provider, PayU, announced it conducted an analysis on ecommerce customs and fintech potential in Latin America, Central/Eastern Europe, India, and Africa at Money20/20 Europe. Findings that are featured in PayU’s report included: High growth of ecommerce in Africa. More than 65%… Read More
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