DMI Finance

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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DMI Finance acquires a controlling interest in Appnit Technologies – BusinessLine

DMI Finance on Monday announced that it has acquired a controlling interest in Prepaid Payment Instruments licence holder, Appnit Technologies. “Appnit will become a subsidiary of DMI Finance,” it said. It did not disclose details about the value of the transaction. “Appnit’s customer-facing brand Oxymoney provides services including various wallet services, money transfers, AePS, utility bill payments, …

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