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Online Payment Provider Red Dot Acquired by PayU
July 10, 2019
A majority stake in Red Dot Payment which is an online payment solutions provider based in Southeast Asia has been acquired by PayU. With this, the fintech and payments business of Naspers has now penetrated the Southeast Asia market and increased the total amount of investments in M&A and fintech investments to over 700 million USD in the past 3 years.
Founder and CEO of Red Dot Payment, Randy Tan said that the company is proud of coming so far and that global fintech operator and investor PayU has realized the potential and strength in the company.
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