online wallet, mobile payment, online payment

DMI Finance acquires wallet service provider Oxymoneys parent firm – Business Standard

DMI Finance has acquired a controlling stake in Prepaid Payment Instruments (PPI) company Appnit Technologies Private Ltd, which owns wallet services provider Oxymoney. DMI Finance did not reveal the acquisition cost and stake it will hold in Appnit. Oxymoney plans rolling out pre-paid cards and expand its distribution network. Appnit holds a …

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