Company Information

Get to know Citrus Payment Solutions

Founded in 2011 by Amrish Rau and Jitendra Gupta, Citrus Payment Solutions Pvt. Ltd. was a leading fintech company in India. It provided a comprehensive suite of payment solutions, including a secure payment gateway for online merchants to accept credit cards, debit cards, and net banking, as well as a popular consumer-facing digital wallet known as Citrus Wallet. In September 2016, the company was acquired by Naspers-owned PayU for $130 million in one of the largest deals in the Indian fintech space at the time. Following the acquisition, Citrus Pay's operations were fully merged with PayU India, and the brand was consolidated under the PayU name.

Industry

Financial PSP GatewayPRIMARY
Financial Banking
Financial Payment

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Citrus Payment Solutions

India

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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(180 reviews)

Cyprus

2017

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.