M&A
DMI Finance acquires majority stake in payments tech firm Appnit
DMI Finance has acquired a controlling interest in Noida-based prepaid payment instruments licence holder, Appnit Technologies. Appnit's customer-facing brand Oxymoney provides services including various wallet services, money transfers, AePS, utility bill payments and micro ATMs through its distribution network across India. Oxymoney will be rolling out new wallet based pre-paid products - including pre-paid cards - and will be expanding its distribution network.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
