Business Standard

Prosus buys Indian payments company Billdesk for $4.7 billion

Technology investor Prosus NV purchases 100% of the equity in Indian payments platform Billdesk for $4.7 billion.

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Reuters Amsterdam

Technology investor Prosus NV said on Tuesday it had purchased 100% of the equity in Indian payments platform Billdesk for $4.7 billion.

Prosus said Billdesk would complement its own PayU business.

"Together, the two expect to create a financial ecosystem handling four billion transactions annually - four times PayU's current level in India," the company said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 31 2021 | 11:53 AM IST

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