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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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