Naspers-owned payments company PayU acquires Wibmo, which offers payment processing and security services and operates mostly in India, for $70M (TechCrunch)

TechCrunch:
Naspers-owned payments company PayU acquires Wibmo, which offers payment processing and security services and operates mostly in India, for $70M  —  PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India.

from Techmeme http://bit.ly/2IgoJyy