PayU India CEO gets a Naspers assignment

BENGALURU: PayU India’s CEO Amrish Rau is transitioning into a broader role as the head of financial technology partnerships and investments for Naspers’ fintech business, the company's South African parent, as per an internal communication sent out to employees recently. The digital payments firm is all set to appoint a new CEO soon, sources close to the development said.

Rau declined to comment on the development. “Naspers is extremely bullish about the scope of fintech disruptions in India and Rau’s role will be to drive acquisitions and partnerships here, so that they get to dominate the Indian fintech market,” said one of the sources quoted above.

In an internal note, the firm said Rau will scout the market for fresh acquisitions in the financial tech sector and “create synergies between the group's portfolio companies”.