Prosus to sell part of PayU to Raypd for 610 million - Prime Time Media

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Prosus to sell part of PayU to Raypd for 610 million

Prosus plans to sell part of its subsidiary PayU to Israel’s Rapyd for $610 million, excluding the fintech firm’s units in India, Turkey and Indonesia, Prosus said. “We’re now fully focused on the huge fintech opportunity in India,” Prosus CEO Bob van Dijk said. Prosus earlier abandoned a planned $4.7-billion acquisition of Indian online payments firm BillDesk by PayU.

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By Prime Time Media

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