India: PayU buys PaySense at $185m equity valuation, to merge it with LazyPay

Digital payments gateway provider PayU has acquired a controlling stake in Mumbai-based consumer lending platform PaySense and all its assets at a valuation of $185 million. PayU, which is backed by South African internet and media giant Naspers, also said it will merge its existing pre-approved credit platform LazyPay with PaySense.