Investors include Alipay, SoftBank’s SVF Panther and others.
2.6mn shares are being allocated according to the deal.
The company received $1bn funding last month.
The FinTech has been gathering funds to increase merchant expansion efforts. It will also focus on lending, insurance and banking capabilities and expand reach across India.
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The acquisition is expected to enhance FIS's portfolio, following its recent purchase of San Francisco-based Banking-as-a-Service fintech Bond.
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