Gurgaon-based online payment service provider PayU acquired its rival online payment gateway CitrusPay. The deal was closed at $130 Mn, making it by far the biggest M&A cash deal in Indian fintech. Post-completion, Citrus Pay will be wholly-owned by Naspers. Amrish Rau, MD, Citrus Pay, will become the CEO of PayU in India. He will […]
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