PayU to create new lending business in India
Part of Naspers subsidiary Prosus, PayU is set to acquire a controlling stake in PaySense, to create PayU Credit
10 January 2020 - 15:07
PayU, the payments and fintech business of Naspers’s subsidiary Prosus, said on Friday that it has merged with one of India’s fastest-growing digital lending providers to create a leading lending business in Asia’s second most populous country.
PayU intends to acquire a controlling stake in PaySense, one of India’s fastest-growing digital credit platforms, and all its assets, valued at $185m (R2.635bn)...
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