Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News

PayU expands to Singapore, Acquires Majority Stake in Red Dot Payment

Tech Gist Africa by Tech Gist Africa
07/08/2019
in News, World News
0 0
0
PayU expands to singapore

PhotoCredit - finance.yahoo.com

0
SHARES
Share on FacebookShare on Twitter

PayU — a global Fintech firm owned by Naspers, has expanded to Singapore. They achieved this move by acquiring a majority stake in Singapore-based Red Dot Payment.

The deal which went through at $65 million, came with the conditions that other major shareholders will exit and Red Dot Payment founder Randy Tan retain a stake. This expansion totals the amount of funds that PayU put into Fintech in the last three years to about $700 million.

The deal is in accordance to PayU’s aim to be the top payments solution provider in top markets globally and to also be the largest Fintech investors all over the world. 


See also: CBN backs Bank’s Mobile Wallet Operation


According to a study by Google-Temasek, South East Asia ranks amongst the fastest growing digital markets across the world. The study stated that the market is expected to triple to $240 billion in 2025. The region houses about 350 million internet users within its six largest countries. 

Laurent Le Moal, CEO of PayU said that this is their first step towards expansion in the South East Asia region. He said they will partner with founders who are driven by an entrepreneurial passion. 

PayU aims to serve global merchants by integrating RDP into the PayU system, thereby expanding its service offerings.

 

More on TechGist Africa:

  • YouTube addresses its Sport Offering Terms
  • CBN backs Bank’s Mobile Wallet Operation
  • Celebrating Forbes African 30 Under 30 Tech Heroes 1
  • Why Careem Suddenly Halts Operations in Sudan
  • Unicorn Group to fund African Tech Ecosystem with $300 Million
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Apple WWDC 2025
Events

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

by Tech Gist Africa
06/15/2025
0

Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design...

Read more
Zero Carbon Charge South Africa

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

06/15/2025
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Next Post
World Bank & Kenya’s Ministry of Agriculture Launches Agritech Incubator Program

World Bank & Kenya’s Ministry of Agriculture Launches Agritech Incubator Program

Ethiopia Plans to Award Telecommunication Licenses to Operators

Ethiopia Plans to Award Telecommunication Licenses to Operators

YouTube addresses its Sport Offering Terms, Ethiopia Plans to Award Telecommunication Licenses to Operators and More

YouTube addresses its Sport Offering Terms, Ethiopia Plans to Award Telecommunication Licenses to Operators and More

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.