Tech investor Prosus NV says it has agreed to buy Indian payments service BillDesk for $4.7B to complement its own PayU business
Reuters Toby Sterling
Related Coverage
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- View article The Economic Times
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Discussion
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@pranavenstein
Pranav Srivilasan
on x
In terms of total value of transactions processed, BillDesk is pegged to be the biggest payment gateway/aggregator in India. In terms of transaction volumes and merchants on board, Paytm PG, PayU, Razorpay are all in the fray. PayU+BillDesk will be pretty huge.
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@pratikbhakta_89
Pratik Bhakta
on x
This is a big level consolidation in the Indian payments ecosystem: PayU has agreed to acquire Billdesk for $4.7 billion. PayU will now dominate the entire large value online merchant payments space in India. Govt payments, bill payments, large ecomm txns, etc.
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@chandrarsrikant
Chandra R. Srikanth
on x
M N Srinivasu, Co-founder of BillDesk, said: “BillDesk has been a pioneer in driving digital payments in India for well over a decade. This investment by Prosus validates the significant opportunity in India for digital payments” @moneycontrolcom