J), said on Monday it agreed to acquire Israeli payment technology provider Zooz to support its expansion in high-growth markets. Naspers subsidiary and online payment firm PayU has acquired Israeli payment technology provider Zooz in a deal rumoured to be worth between $ 80 m and $ 100 m . PayU did not disclose financial details , but said the deal brought its spending to $ 350 m since 2016 . The company said the two firms would collaborate on a system that included " fraud management and smart routing " , while the deal is expected to accelerate PayU 's expansion into new markets .
Naspers subsidiary and online payment firm PayU has acquired Israeli payment technology provider Zooz in a deal rumoured to be worth between $ 80 m and $ 100 m . PayU did not disclose financial details , but said the deal brought its spending to $ 350 m since 2016 . The company said the two firms would collaborate on a system that included " fraud management and smart routing " , while the deal is expected to accelerate PayU 's expansion into new markets .