India's Cashfree invests in UAE-based Telr, explores global expansion

Photo by Josh Appel on Unsplash

Payments and banking solutions provider, Cashfree Payments has invested close to $15 million in the UAE and Saudi Arabia-based payment service provider, Telr, as it looks to expand its product offerings in international markets.

Post the investment, Cashfree will become the single-largest shareholder in Telr. The company refused to comment further on its shareholding in Telr.

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