Worldwide fintech PayU, which conducts business in Europe, Asia, and South America, has been put on the block by investment firm Prosus. Bank of America has been selected to handle the process. The sale has attracted some high-profile buyers including Nuvei, WorldPay and Israeli fintech Rapyd. PayU is best known for providing payments and banking access to the underbanked in emerging markets.
Fintech Giants Battling in $500 Million PayU Bidding War
