PayU $165 million acquisition of Iyzico

Overview:

• Global fintech company PayU has acquired Turkish digital payments company Iyzico for $165 million.
• PayU will expand its presence in the Turkish digital payments market where it already has a subsidiary, PayU Ödeme Kuruluşu Anonim Şirketi.
• The acquisition is PayU's largest fintech acquisition to date.

Laura Mendes - Researcher