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
1 min read Last Updated : Aug 31 2021 | 11:54 AM IST

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.

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Topics :payments appmergers and acquisitions

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

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