PayU, the financial technology arm of South Africa’s Naspers, acquired a majority stake in Singapore-headquartered online payment solution provider Red Dot Payment (RDP).
With this investment, PayU intends to expand online payment services in the fast-growing market in Southeast Asia. “This investment is PayU’s first step towards expansion in the SEA region. Owing to the immense potential that the SEA market presents, PayU sees a vast opportunity in this region to grow and innovate further. We will continue to look for prospects to reinforce our footprints in this market,” says MD Laurent le Moal.
In a recent study, Singaporean investment firm Temasek observed that Southeast Asia is one of the fastest-growing online payment markets in the world. Such operations in the region could total $240 billion by 2025.
Over the past three years, PayU invested about $700 million in fintech firms M&A operations.
Chamberline MOKO
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
(EBID ) - The ECOWAS Bank for Investment and Development (EBID) has convened a capacity‑building workshop from 31 March to 2 April 2026 in Lomé for...
A recent run of cyber incidents involving banks, insurers, and public-facing payment services has raised concerns about security standards in Nigeria...
DRC signs agreement with U.S. firm Cybastion to speed up digital development Authorities seek American investment in telecoms and technology Weak...
AfDB structured a $140 million loan for a 1.1 GW wind project, with ILX investing $40 million The deal uses a funded risk...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...