Digital Payment service PayU to acquire Citrus Pay

by Robert M. Technical User

If you have ever checked out of an online merchant’s website for the purpose of making a payment, you would have come across PayU gateway many times. Launched in 2011, PayU Global is a digital payment provider, which is owed by Naspers Group of South Africa. Naspers primarily operates in Internet services, especially e-commerce, pay television and print media and is listed on both the Johannesburg and London Stock Exchanges.

PayU’s presence in 16 high growth markets in Asia, Central and Eastern Europe, Latin America, the Middle East and Africa enable them to be experts in these countries and provide the best solutions locally. These 16 countries represent a potential consumer base of more than 2.2 billion people.

About the Founder

PayU India is led by Co-founder & CEO Nitin gupta.

After graduating as a Computer Science Engineer from IIT Delhi, Gupta went on to obtain an MBA from IIM Ahmadabad. He started his career in London as an investment banker at Lehman Brothers doing complex structuring of fixed income assets, including asset-backed securities. He returned to India in 2008 to found his own startup, Khojguru – India’s largest couponing destination at that time. In June 2011, he joined and co-founded PayU India as part of the Ibibo Group/Naspers and today the business is the undisputed leader in the eCommerce category.

Article resource from http://www.linkingtribes.com/digital-payment-service-payu-acquire-citrus-pay/