Through a strategic investment of $15 million, Cash-Free acquires a stake in the electronic payment teller.
CashFree Payments Company announced a strategic investment of $15 million in the electronic payment company Teller, which provides payment services in the UAE and Saudi Arabia. With this investment, Cash Free has become one of Teller’s largest shareholders.
Teller is the UAE-based electronic payment gateway, and provides solutions in the world of e-commerce, including commerce via social media, QR codes, digital invoices, and the “Buy Now, Pay Later” service.
Cash-Free is a leading Payment Solution Provider in India with a market share of over 50%. The company allows collection of payments and refunds in bulk.