PayU acquires majority stake in Red Dot Payment

PayU, the payments and fintech business of Naspers, today announces the acquisition of a majority stake in¬†Red Dot Payment, a¬†Southeast Asia¬†focused¬†online payment solutions provider. With this transaction, PayU expands into the¬†Southeast Asia¬†region and brings the total amount deployed in fintech investments and M&A to north of¬†$700 million¬†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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