Naspers goes Turkey: PayU unit to buy Iyzico in biggest fintech deal yet
Naspers’s PayU agreed to buy Turkish digital payments company Iyzico for $165m in its biggest fintech acquisition yet.
Naspers’s PayU agreed to buy Turkish digital payments company Iyzico for $165m in its biggest fintech acquisition yet.
Naspers’ PayU acquired leading payments technology platform ZOOZ. The deal supports PayU’s ongoing expansion into high growth markets and targets the $994 billion opportunity in cross border payments.
Naspers announced the sale of its 11.18% stake in Indian ecommerce company Flipkart, to US-based retailer Walmart for $2.2bn, representing an IRR of approximately 32%.