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Articles for Billdesk

PhonePe rolls a dice in the pay aggregator biz
1 year, 2 months ago

PhonePe rolls a dice in the pay aggregator biz

Live Mint  

New Delhi: Avinash Kumar runs Blumox Technologies, a Delhi-based company that develops websites, mobile apps and applications for enterprises. PhonePe is offering this company its ‘payment aggregator’ platform. Pushing the payment aggregator business is now the fulcrum of the company’s effort to diversify the business, away from simply facilitating UPI transactions that make no money. Once PhonePe builds a large …

Business India Payments Online Pay Payment Company
PayU calls off $4.7 bn deal to buy BillDesk
2 years, 2 months ago

PayU calls off $4.7 bn deal to buy BillDesk

Deccan Chronicle  

Chennai: One of the largest deals in the fintech space, the acquisition of BillDesk by Netherland-based Prosus, the parent of PayU, has been called off. In August 2021, PayU had announced the acquisition of the Indian online payment gateway firm BillDesk for $4.7 billion. If the deal was closed, the duo would have become one of the largest online payment …

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Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'
2 years, 2 months ago

Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'

News 18  

Prosus NV, which owns PayU and is the global investment arm of South African multinational Nasper, on Monday said it has terminated a $4.7-billion deal to acquire Indian payments firm BillDesk. Prosus had in August 2021 announced the acquisition of BillDesk in an all-cash deal to expand its footprint in India’s fintech sector under the umbrella of its payment gateway …

India Indian Payment Certain Conditions Cci Prosus Payu
Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 3 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

India Digital Payments Indian Payment Company Payu Billdesk
Naspers' Prosus set to Acquire BillDesk for $4.7 Billion
3 years, 3 months ago

Naspers' Prosus set to Acquire BillDesk for $4.7 Billion

News 18  

New Delhi, Aug 31: In one of the biggest deals in the Indian consumer internet space, global player Prosus NV on Tuesday said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion. It will help PayU — the payments and fintech business of Prosus that operates in more than 20 high-growth markets — become one …

India Payments Digital Payments Indian Digital Fintech Payment
PayU to acquire BillDesk in $4.7 billion deal
3 years, 3 months ago

PayU to acquire BillDesk in $4.7 billion deal

Hindustan Times  

Prosus NV, the Dutch unit of Naspers Ltd, has acquired Indian payment services provider BillDesk for $4.7 billion in cash in its largest acquisition. REUTERS/Siphiwe Sibeko/File Photo The Amsterdam-based company’s PayU unit agreed to buy BillDesk to create a company that will handle a total transaction volume of $147 billion in India. The acquisition will also give PayU access to …

India Payments Acquisition Billion Prosus Payu Billdesk
Prosus buys payments company BillDesk for $4.7 billion
3 years, 3 months ago

Prosus buys payments company BillDesk for $4.7 billion

The Hindu  

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 …

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