Top Tencent investor makes $4.7 billion bet on digital payments in India
CNN
Digital payments are booming in India — and Prosus, the tech investment firm, wants a bigger piece of the action.
The Netherlands-based company said Tuesday that it had agreed a $4.7 billion deal to buy Indian digital payments provider BillDesk. Prosus plans to merge BillDesk with its own fintech business, PayU, to create one of the top online payments providers globally. PayU is already operating in India, Latin America and Europe. But if India's regulators greenlight the BillDesk deal, Prosus (PROSY) will almost double its investment in the country.
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