PayU Acquires Citrus Pay For India Expansion

Global payment service provider PayU had acquired Indian payments technology company Citrus Pay for USD130m in an all cash deal. The deal will grow PayU India customers to more than 30 million, processing a forecasted 150 million transactions in 2016. The agreement also enables PayU to quickly bring additional innovative financial services to market for its business and consumer customers.

Amount (USD) Seller Buyer(s) Region Categories