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 $80m and $100m. PayU did not disclose financial details, but said the purchase brought its spending to $350m 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 enable PayU's expansion into expanding markets.