Naspers subsidiary and online payment firm PayU has acquired Israeli payment technology provider Zooz in a deal rumoured to be worth between $80m and $100 m. PayU did not disclose financial details, but said the purchase brought its spending to between $80m and $100 since Monday . Following completion of the deal, Zooz will be wholly owned by Naspers, an Internet and entertainment group. The company said the 70 firms would collaborate on a system that included "fraud management and smart routing", while the deal is expected to enable PayU 's expansion into expanding markets.
Naspers subsidiary and online payment firm PayU has acquired Israeli payment technology provider Zooz in a deal rumoured to be worth between $80m and $100 m. PayU did not disclose financial details, but said the purchase brought its spending to between $80m and $100 since Monday . The company said the 70 firms would collaborate on a system that included "fraud management and smart routing", while the deal is expected to enable PayU 's expansion into expanding markets.