Prosus sells PayU’s GPO business for R11bn

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Sale to UK-based Rapyd includes the SA business, but not its Indian, Turkish and Southeast Asian operations

Prosus has agreed to sell PayU’s Global Payments Organisation to UK-based Rapyd for $610m cash as the offshore arm of Naspers streamlines its fintech operations.

The transaction includes PayU’s GPO business in SA, but not its Indian, Turkish and Southeast Asian operations. ... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

 

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