DMI Finance acquires wallet service provider Oxymoney's parent firm

Oxymoney plans rolling out pre-paid cards and expand its distribution network.

online wallet, mobile payment, online payment

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

Also Read

DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others

DMI Alternatives raises $40 mn for investing in digital finance ecosystem

DMI Finance to provide digital personal loans to Google Pay users

What is a payment gateway?

Reliance Jio announces Rs 259 monthly prepaid recharge plan: Details here

11 crypto exchanges found to be evading Rs 81.54 cr in GST, says govt

Micro, small and medium enterprises staring at enduring financial distress

Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel

What is a payment gateway?

FinMin proposes changes to Finance Bill for crypto assets' taxation

First Published: Mar 28 2022 | 2:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to