Netherlands-based PayU, a financial technology arm of South African internet to entertainment company Naspers, is in talks to buy Indian peer Wibmo.

The transaction is estimated to be between $50 to $60 million.

The purchase is expected to complete the entire suite of payments offerings for PayU.

In February this year, PayU was in talks to inject $100 to $150 million in Indian digital finance platform operator CapFloat Financial Services.