Fintech Insights - PayU Strengthens Its Latin America Foothold with Double Deal

April 2022
Fintech & Payments

PayU has announced a double deal to expand its presence in Latin America. The company has acquired Ding, a platform that lets people top up mobile phone credits for others remotely; and it has led a $46 million investment into Treinta, a financial ‘superapp’ aimed at small businesses.

Founded in 2002, PayU is a Netherlands-based payment service provider to online merchants. It enables local and cross-border payments and innovative financial services across over 50 emerging markets. In 2021, PayU was acquired by Prosus, one of the largest technology investors in the world.

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