Naspers buys Turkish digital payments firm Iyzico for R2.4bn
Naspers's PayU has invested more than $500m in the industry since 2016 as it seeks to profit from rising internet adoption and e-commerce in emerging economies
11 June 2019 - 14:06
Naspers’s PayU agreed to buy Turkish digital payments company Iyzico for $165m (R2.4bn) in its biggest fintech acquisition yet.
The deal will expand the Dutch unit’s exposure to Turkey’s e-commerce market, which is growing at more than 10% a year, the company said on Tuesday. The acquisition must still be approved by regulators and is expected to close in the next few months, it said...
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