July 23, 2018Blog Posts

PayU buys Israeli payment technology firm Zooz

Reuters

Online payment company PayU, a subsidiary of Naspers, said on Monday it agreed to acquire Israeli payment technology provider Zooz to support its expansion in high-growth markets.

PayU’s statement, which confirmed an earlier report by Israeli news website Calcalist, did not disclose the size of the acquisition but said it brings its total investments and acquisitions in financial technology to more than $350 million since 2016.

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