India: Payment firms account for 50% fintech startup buyouts in 2016

India: Payment firms account for 50% fintech startup buyouts in 2016

Indian financial technology start-ups saw 12 acquisitions in 2016, according to a report published by the start-up tracker, Tracxn. Six of these were in mobile wallet and online payments segment, which includes PayU Payments Private Ltd’s acquisition of Citrus Payment Solutions Pvt. Ltd in a $130 million deal in September—also the largest deal in this sector in terms of value.

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