Gurugram-based digital wallet PayUMoney shuts operations
Gurugram-based digital wallet PayUMoney will close its services on January 31, 2018, the Naspers Group-owned company PayU confirmed. "Only the PayUMoney wallet service is shutting down because we have two wallets now after Citrus acquisition," PayUMoney's MD Jitendra Gupta said, adding it doesn't make sense to operate two wallets simultaneously. PayUMoney acquired Citrus in 2016 for $130 million.