PayU acquires majority stake in Red Dot Payment

PayU, the payments and fintech business of Naspers, today announces the acquisition of a majority stake inĀ Red Dot Payment, aĀ Southeast AsiaĀ focusedĀ online payment solutions provider. With this transaction, PayU expands into theĀ Southeast AsiaĀ region and brings the total amount deployed in fintech investments and M&A to north ofĀ $700 millionĀ over the last three years. The move demonstrates PayU’s commitment to becoming the leading payments solution provider in high-growth markets and one of the largest fintech investors in the...

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