Technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year.
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PayU has announced it will sell its Global Payments Organisation business for $610-million at its pivots to India.
Mastercard and PayU have joined forces to launch Click to Pay as a way to speed up online payments in South Africa.
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
Open banking could be a game changer on the African continent by making transactions more convenient and increasing the personalisation of banking services.
Naspers-controlled technology investor Prosus has terminated its agreement to buy Indian payments platform BillDesk.
A unit of Naspers has invested in Lucky to help the Egyptian fintech start-up expand in North Africa and the Middle East.
Technology investor Prosus said on Tuesday it had agreed to buy Indian payments platform BillDesk for $4.7-billion to complement its own PayU business.
Facebook’s remaining partners in its digital currency project signed paperwork on Monday to officially join the Libra Association.
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.