Global investment group Prosus on Tuesday said that Rapyd, a leading Fintech-as-a-Service provider, is acquiring its digital payments business PayU's Global Payments Organisation (GPO) for $610 million in an all-cash deal.The transaction, .
In FY23, PayU s GPO business s total payment volumes grew 12 per cent year-on-year to USD 34 billion, which is around a 3x growth in 5 years. PayU will now focus on its growing Indian payments and credit business.
Prosus agrees to sell part of PayU to Israel s Rapyd for almost R11bn news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.