RNFI Services completed the acquisition of Payworld from Sugal & Damani.

RNFI Services, a platform for distributors and retailers offering online payment services, completed the acquisition of Payworld, a fintech company promoting financial inclusion, from Sugal & Damani, an IT services and consulting company. Financial terms were not disclosed. "As we continue to expand our footprint in the digital financial services space, this acquisition allows us to integrate Payworld's extensive retail network with our advanced technology-driven platform. With this integration, we are poised to create new opportunities for retailers, improve service efficiency and bridge capital gaps in last-mile financial connectivity," Krishna Kumar Daga, RNFI Services CEO.