Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for an initial public offering (IPO) worth at least $500 million, according to sources with direct knowledge. The sources told Reuters...
PayU India has introduced new tools to help businesses address various payment challenges. The online payments company’s CommercePro stack, announced Tuesday (Sept. 5), is designed to help merchants deal with issues like cart abandonment and scalability troubles. “This comprehensive toolkit, fueled by Indian innovation and technology built out...
Payments company PayU will sell most of its global business to Rapyd in a $610 million deal. The all-cash transaction, announced Tuesday (Aug. 1), will allow PayU to focus on the Indian payment and FinTech market, where it serves more than 450,000 merchants and two...
Investment firm Prosus is reportedly considering a sale for its payments company PayU. The company is working with Bank of America Corp. as it determines interest in PayU outside India, Bloomberg News reported Tuesday (May 9), citing unnamed sources. The sources said a deal could...
November 29, 2023
Payments company PayU plans to go public in India in the second half of next year. Ervin Tu, interim CEO of parent company Prosus, revealed that information Wednesday (Nov. 29) during an earnings call, per a report by Reuters. The company’s half-year earnings show that PayU’s payments operation in India enjoyed a 15% growth in […]
October 10, 2023
Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for an initial public offering (IPO)...
September 05, 2023
PayU India has introduced new tools to help businesses address various payment challenges. The online payments company’s CommercePro stack, announced Tuesday (Sept. 5), is designed to help merchants deal with issues like cart...
May 09, 2023
Investment firm Prosus is reportedly considering a sale for its payments company PayU. The company is working with Bank of America Corp. as it determines interest in PayU outside India,...
