Red Dot Payment

Prosus Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Technology, Retail, Food Tech, Other Professional Services, Blockchain, Finance, Electronic Commerce, Restaurant, Bar, Professional Services, Artificial Intelligence, Payments, Other Technology, Internet, Fintech, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Food, Beverage, Retail, Automotive, Finance, Internet, Online Retail, Electronic Commerce, Professional Services, Technology, Delivery Services, Fintech, Restaurant, Bar, Publishing, Payments, Advertising, Communications, Media, General Automotive, Apps, Applications, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Prosus N.V.: Press Related to TENCENT

Retrieved on: 
Tuesday, November 1, 2022
Professional Services, Data Management, Business, Data Analytics, Technology, Fintech, Internet, Acidovorax facilis, Council, OLX, JSE, European, Christian Klar, SimilarWeb, PayU, Magazine, Abuse, IFood, Worldpay Group, Delivery Hero, Technology, European Parliament, Dott, Auto Trader, CITIC, Stack Overflow, Article, Science and technology in Asia, Share repurchase, A2X Markets, Blockchain, Repurchase agreement, JSE Limited, BandLab Technologies, Luno, Disclosure, Health, AEX, BUX, Euronext Amsterdam, Tech, Sale, Red Dot Payment, Forward-looking statement, Cryptocurrency, Security (finance), Food delivery, Medical device, Group, Prosus, Superside (company), Otodome Falls, Azo dye, Tencent, Erudition, EU, Republic, Meesho, Naspers

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to article published on 31 October 2022 by Asian Tech Press.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to article published on 31 October 2022 by Asian Tech Press.
  • The Group continues with its open-ended share repurchase programme announced in June this year which is funded by the sale of small numbers of ordinary shares in Tencent Holdings Limited (Tencent) held by the Group (Tencent Shares) regularly and in an orderly manner.
  • Prosus is a global consumer internet group and one of the largest technology investors in the world.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Prosus N.V.: Termination of Agreement to Acquire BillDesk

Retrieved on: 
Monday, October 3, 2022
Technology, Payments, Finance, Fintech, Other Technology, Professional Services, Software, Internet, Data Management, Competition Commission, JSE Limited, OLX, AEX, Magazine, IFood, Technology, BillDesk, A2X Markets, Dott, Competition Commission of India, Health, BandLab Technologies, Worldpay Group, SimilarWeb, Blockchain, PayU, Acidovorax facilis, Luno, Wolt, Christian Klar, JSE, Delivery Hero, Forward-looking statement, CCI, Euronext Amsterdam, Auto Trader, BUX, Stack Overflow, Science and technology in Asia, Red Dot Payment, Cryptocurrency, Food delivery, Republic, Naspers, Meesho, Superside (company), Otodome Falls, Prosus, Azo dye, Erudition

Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.
  • Prosus has been a long-term investor and operator in India - investing close to US$6 billion in Indian technology companies since 2005.
  • Prosus remains committed to the Indian market and growing its existing businesses within the region.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Prosus to acquire remaining stake in iFood from Just Eat

Retrieved on: 
Friday, August 19, 2022
Technology, Finance, Electronic Commerce, Professional Services, Food, Beverage, Retail, Supply Chain Management, Other Professional Services, Online Retail, A2X Markets, Euronext Amsterdam, CEO, Food chain, OLX, SimilarWeb, Wolt, Naspers, JSE Limited, Auto Trader, Delivery Hero, Worldpay Group, Health, Magazine, Industry, Technology, Science and technology in Asia, Restaurant, BUX, JSE, Euronext, PayU, Growth, Stack Overflow, BandLab Technologies, Red Dot Payment, Blockchain, Income, Dott, Food, PRX, AEX, Christian Klar, Acidovorax facilis, Ownership, Luno, Security (finance), Retail, Food delivery, Azo dye, Otodome Falls, Republic, IFood, Meesho, Erudition, Prosus, Movile, Superside (company)

Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.

Key Points: 
  • Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.
  • iFood has performed exceptionally well since Prosus first invested in the business through Movile, founded by Fabricio Bloisi, in 2013.
  • Today, iFood is a leading platform business which includes food delivery, grocery, quick commerce, and fintech.
  • We first invested in iFood nearly a decade ago and during this time Fabricio and team have built a world-class food delivery business.

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme

Retrieved on: 
Monday, June 27, 2022
Online Retail, Internet, Professional Services, Blockchain, Fintech, Sustainability, Technology, Environment, Retail, Finance, Other Technology, Food Tech, Stack Overflow, COVID-19, Growth, Net asset value, Blockchain, Red Dot Payment, Acidovorax facilis, Euronext Amsterdam, Science and technology in Asia, Christian Klar, Venture, SICA, Auto Trader, Life, NAV, JSE Limited, OLX, Luno, AEX, SimilarWeb, Food, Investment, BandLab Technologies, BUX, Paris Agreement, Solution, Disability, Education, Acquisition, GHG, Technology, Carbon, Climate, Dow Jones, ESG, Worldpay Group, Learning, Health, Agtech, TPV, PayU, A2X Markets, Wolt, GMV, Sale, E-commerce, IFood, BillDesk, Magazine, Delivery Hero, Bank, Online shopping, Cryptocurrency, Video game, Food delivery, Retail, Airline, Renewable energy, Erudition, Skillsoft, Group, Republic, Azo dye, Food delivery, Superside (company), Naspers, Prosus, Educational technology, Meesho, Otodome Falls

This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.

Key Points: 
  • This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.
  • Classifieds, as well as core payments, remain profitable, with trading profit of profitable ecommerce businesses increasing 17% to US$493m.
  • With strong operational execution, good consumer traction, and improving profitability in core operations, the Group increased investment to pursue opportunities for each segment.
  • A detailed breakdown of the Net Asset Value of the Prosus portfolio, based on market consensus estimates, is on the Prosus website here .

Prosus: Disposal of JD.com Shares Received From Tencent Holdings Limited

Retrieved on: 
Monday, June 27, 2022
Mobile, Wireless, Technology, Finance, Electronic Commerce, Professional Services, Internet, Supply Chain Management, Retail, Online Retail, Other Professional Services, Auto Trader, Stack Overflow, PayU, A2X Markets, Wolt, JSE Limited, OLX, Worldpay Group, Luno, AEX, SimilarWeb, IFood, District, BandLab Technologies, Technology, BUX, Magazine, Delivery Hero, Blockchain, Health, Red Dot Payment, Hylaeus facilis, Euronext Amsterdam, Science and technology in Asia, Christian Klar, Food delivery, Security (finance), Azo dye, Naspers, Superside (company), Republic, Erudition, Prosus, Meesho, Otodome Falls

Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Key Points: 
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
  • The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil.
  • Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to improve peoples everyday lives.
  • For listed companies where we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch, and SimilarWeb.

Spenmo Awarded Series B Funding

Retrieved on: 
Monday, February 7, 2022
Tiger Global Management, Financial management, Science and technology in Asia, Insight Partners, Venmo, Software, Scale, Founder, CEO, Corporation, Red Dot Payment, Attention, Cryptocurrency

Singapore, Singapore--(Newsfile Corp. - February 7, 2022) - Spenmo has been awarded $85.35 million in a Series B round led by Tiger Global Management, a New York based firm.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - February 7, 2022) - Spenmo has been awarded $85.35 million in a Series B round led by Tiger Global Management, a New York based firm.
  • Spenmo is first and foremost a management system for people looking to scale their companies, because they can't do that efficiently when they have so many things to keep track of, all of which can be managed through one platform: Spenmo.
  • The private equity company is best known for its ScaleUp initiative but Insight Partners isn't the only company that believes in what Spenmo is doing.
  • Having been awarded $85.35 million in a Series B round led by Tiger Global Management, a New York based firm.

Prosus Prices New 5-Year, 10-Year and 30-Year Tranches USD Bonds and 4-Year, 8-Year and 12-Year Tranches EUR Bonds

Retrieved on: 
Thursday, January 13, 2022
Technology, Mobile, Wireless, Finance, Banking, Professional Services, Software, Networks, Internet, Data Management, Investment Company Act of 1940, Euronext Amsterdam, Food delivery, Investment company, JSE, Delivery Hero, Blockchain, Regulation, EUR, PRX, USD, VK, Euronext, Christian Klar, Policy, JSE Limited, Technology, Official List, A2X Markets, OLX, Hylaeus facilis, BUX, Company, Payment, Educational technology, Flink, S&P, IFood, Forward-looking statement, Stack Overflow, Luno, Growth, Securities Act of 1933, Health, Science and technology in Asia, AEX, BBB, PayU, SEC Rule 144A, Financial technology, Naspers, Auto Trader, Wolt, Application, Person, Red Dot Payment, Udemy, Prospectus, Terminology, Magazine, Bank, Risk management, Security (finance), Republic, Superside (company), Prosus, Euronext Dublin, Erudition, Bond, EU, Otodome Falls, Meesho, SimilarWeb

The offerings are expected to close on 19 January 2022, in each case subject to customary closing conditions.

Key Points: 
  • The offerings are expected to close on 19 January 2022, in each case subject to customary closing conditions.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
  • Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve peoples everyday lives.
  • Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ).

Red Dot Payment selects Radar Payments by BPC to take on global eCommerce fraud prevention

Retrieved on: 
Wednesday, January 5, 2022
Financial Times, WeChat Pay, PayPal, AMEX, Alipay, CAGR, The Straits Times, E-commerce, Time, PayU, RDP, Red Dot Payment, Mastercard, BPC, Visa, Software as a service, Science and technology in Asia, Friction, UnionPay, Technology, Diners Club International, COO, Online shopping, Tutoring, Radar

SINGAPORE, Jan. 5, 2022 /PRNewswire/ -- Next generation payment processing company, Radar Payments by BPC, has been selected to tackle eCommerce fraud prevention by Singapore's largest home-grown online payment solutions fintech Red Dot Payment (RDP), an e-commerce enabler focused primarily on serving the e-commerce and hospitality verticals.

Key Points: 
  • SINGAPORE, Jan. 5, 2022 /PRNewswire/ -- Next generation payment processing company, Radar Payments by BPC, has been selected to tackle eCommerce fraud prevention by Singapore's largest home-grown online payment solutions fintech Red Dot Payment (RDP), an e-commerce enabler focused primarily on serving the e-commerce and hospitality verticals.
  • RDP has selected the Fraud Risk Management and Prevention solutions delivered as a SaaS model from Radar Payments after reviewing other fraud detection systems.
  • Established in 2011, RDP was founded by Randy Tan, who is still leading the company as its CEO.
  • David Owyong, COO, Red Dot Payment, commented: "We believe that conquering eCommerce fraud requires a global perspective, and we pride ourselves on working closely with our merchants to help them harness the power of payments.