Prosus sells piece of PayU to Rapyd; eye on Indian market
PayU’s payments business is one of the largest, fastest growing and most profitable businesses in India among non-banking players, delivering 42% year on year growth in the last year alone
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Swiggy’s food delivery biz GMV up 40% to $1.3 bn in H1
Swiggy’s one of the biggest investors Prosus says its share of Swiggy's trading losses increased to $105 mn on investment in both core food delivery biz and Instamart.
PayU terminates $4.7 billion BillDesk acquisition
Prosus-owned PayU says its proposed acquisition of BillDesk will not be implemented.
CCI nod to PayU’s $4.7 billion acquisition of BillDesk
The deal is touted to be the second largest internet deal after the acquisition of Flipkart by the U.S. retail behemoth Walmart Inc.
PayU buys PaySense at a valuation of $185 million
Nexus Venture Partners-backed PaySense will be merged with PayU’s consumer lending business LazyPay.
Fintech: Fast and furious
Fintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment.
Into the Indian fintech endgame
As we approach the possible endgame in the current wave of technology change, watch out for interoperability in payments, SaaS, technology debt, and user experience.
Global fintech adoption rate grows to 64% in 2019: EY
In India and Russia, 99.5% of respondents were aware of fintech services which can be used to transfer money and make payments.
PayU buys Wibmo for $70 million
PayU and Wibmo will run separate operations though the teams at both companies will join hands to offer unique business solutions to their customers.
PayU: Move over cash, credit is king
PayU is betting on micro-credit after the Naspers-backed company shut down its digital wallet service.
