IndusLaw, PC Legal, Veritas act on Naspers-owned PayU acquisition of Citrus Pay

Bar & Bench September 20 2016

Naspers-owned online payments service provider PayU has bought Mumbai-based rival Citrus Pay for $130 million (865 crore).

This is one of the biggest deals in the country's emerging financial technology space, creating a new entity that will compete with Alibaba-backed Paytm, Snapdeal-owned FreeCharge and MobiKwik, reported ET.

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