PayU acquired CitrusPay for $130 Mn in Sep 2016. Citrus offers an online payment solution that makes digital payments and online checkout processes simpler and safer.
PRODUCTS & SERVICES:
Citrus Cash, Citrus Checkout. Citrus Cube (Citrus Wallet and Payment solution for businesses).
Address the problem of small denominations of cash and loose change through its recently launched app "Death of Chutta".
Provides merchants with a single, simple integration point to easily manage multiple payment options and eliminate instances of failed transactions.
For customers it acts as a prepaid wallet that lets users to pay for their bills and purchases across various categories.
MEDICI analysts will analyze Citrus Payment Solutions soon