CURRENT AFFAIRS

Detailed explanation-1: -The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries.

Detailed explanation-2: -In 2014, all online payments companies that were part of Naspers started operating under the PayU brand.

Detailed explanation-3: -PayU is India’s leading payment gateway empowering 3, 50, 000+ businesses. PayU India is the flagship company of Naspers group which is a $25 Billion internet and media conglomerate listed on London and Johannesburg stock exchanges respectively.