PayU has announced it will sell its Global Payments Organisation business for $610-million at its pivots to India.
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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.
Naspers CEO Bob van Dijk said on Wednesday that the South African consumer Internet group remains a committed member of the Libra Association, the organisation overseeing the libra cryptocurrency.