PayU has successfully completed the sale of its Global Payment Organisation (GPO) in Latam and Africa to Rapyd, a leading Fintech-as-a-Service provider. The sale of GPO in Latin America and Africa enables PayU to focus on the rapidly growing Indian payments and credit market, where it leads as the premier payments provider, serving more than 450,000 merchants and over 2m credit customers.
This move supports Prosus’s ongoing strategy to concentrate on markets with the highest growth potential. PayU will continue to lead and innovate within India’s dynamic fintech sector, leveraging the country’s rapidly evolving digital payments landscape.
Read the original announcement here.
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more.
The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.
Each month, more than 2 billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built. To find out more, please visit www.prosus.com.
