PayU infuses Rs 50 crore in its lending biz PayU Finance

Naspers-owned PayU Payments has invested Rs 50 crore in its non- banking financial subsidiary PayU Finance. The investment came via issuance of 80 lakh shares, each having a face value of Rs 10 with an added premium of Rs 52, as per data accessed by Tofler.

The digital payments firm’s lending business PayU Finance was formerly known as LazyPay, which allows consumers to pay for a product 15 days after they make the purchase. (Source)

 

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