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Prosus-owned PayU acquires BillDesk for $4.7 Bn
source link: https://nextbigwhat.com/in-a-mega-deal-prosus-owned-payu-acquires-billdesk-for-4-7-bn/
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Prosus-owned PayU acquires BillDesk for $4.7 Bn
- Payu, owned by Prosus, has acquired BillDesk for $4.7 billion, in what is easily one of the biggest deals in India’s fintech space.
- The proposed deal is subject to approval from India’s competition watchdog and builds on previous acquisitions by PayU in India, including CitrusPay, Paysense and Wibmo.
- What makes this deal even more significant is that the over 20 year old BillDesk is one of the oldest payment gateways in India and powers close to 60% of the country’s online bill payments.
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