Prosus plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610m. Moneyweb Prosus
Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million. The deal will exclude the company’s biggest payments market in India, as well as its units in Turkey and Indonesia, Prosus said in a statement on Tuesday.
Prosus and Naspers recently received approval from the South African authorities to unwind a complex cross-holding structure between the firms. Rapyd recently entered a partnership deal in payments with another South African firm previously owned by Naspers called Multichoice Group. The Israeli firm has made a number of acquisitions, including the purchase of payments company Valitor in 2021.
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