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PayU Taking Majority Position in Red Dot Payment, Eyes Asia

Saturday, Jul 06 2019
News
Written by  FinTech News Brief Staff
PayU Taking Majority Position in Red Dot Payment, Eyes Asia

PayU, a fintech specializing in emerging markets, is planning to buy a majority stake in Red Dot Payment, which is based in Singapore. So reports TechCrunch.

PayU is owned by Naspers, a payments fintech operating in Latin America, India. Africa and Eastern Europe. Pay U will own a majority of Red Dot, which is valued at $65 million.

Read the full article from TechCrunch.

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