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Ibibo hives off payment unit

Naspers to consolidate the acquired operations in its global payment system.

Tags: retail, retailer, news, Ibibo

February 18, 2014  |  comments ( 0 )  | 
Ibibo hives off payment unit

The leading e-commerce player Ibibo has sold its payments business - PayU India to Naspers, a media and internet services firm, and would consolidate the local payment operations into its global group, PayU Global.

Ibido is present in 12 countries including Czech Republic, Poland and Hungary.

 


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