Prosus buys payments company BillDesk for $4.7 billion
The Hindu
The deal to buy Billdesk is subject to regulatory approvals, including by the Competition Commission of India.
Technology investor Prosus NV said on August 31 it had agreed to buy payments platform BillDesk for $4.7 billion to complement its own PayU business. “Together, the two expect to create a financial ecosystem handling 4 billion transactions annually — four times PayU’s current level in India,” the company said. BillDesk, one of India’s largest payment platforms, had ₹2.71 billion in after-tax net profit for the year ended March 31 2021, Prosus said.
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