Naspers' fintech arm PayU acquires Red Dot Payments, which marks its entry in SEA region
R Sinduja
News Editor
Image Credit: shortpedia
PayU, Naspers fintech arm, will acquire Red Dot Payments, a Singapore's largest digital payments firm. The firm acquired a majority stake in RDP, valued at about $65 million. The actual monetary value was not disclosed. Randy Tan, founder CEO will retain a stake while other shareholders will be liquidating their holdings in the company after the transaction. RDP is used in sectors such as food delivery, online retail, etc.
