Dutch technology investment giant Prosus has canceled its subsidiary PayU’s $4.7 billion acquisition of Indian digital payments processor BillDesk, saying conditions of the deal had not been met. In a Monday (Oct. 3) announcement on its website, Prosus said that “certain conditions precedent were not...
Dutch technology investment firm Prosus is closing a $4.7 billion deal to acquire Indian payment firm BillDesk, which Prosus will combine with its FinTech PayU, also in India. The transaction is subject to approval from the Competition Commission of India, and follows PayU’s previous acquisition...
Indian payment gateway BillDesk, which controls over half of the business clients in the country, is looking to sell off its business after a previous unsuccessful attempt two years ago, LiveMint.com reports. The company is making a change this time, looking at selling off its...
Payment processor company Visa and BillDesk, an India-based electronic payments provider, announced Wednesday (Sept. 6) they had successfully enabled 50 large service providers for the Bharat QR payments acceptance platform. In a press release, the companies said the achievement occurred in a month, extending the...
October 03, 2022
Today in Europe, the Middle East and Africa, the Dutch technology firm Prosus announced that it has cancelled a planned takeover that would have seen its FinTech arm PayU merge with the Indian payment firm BillDesk. In Italy, a court has overruled a $169 million (€173 million) fine that the country’s antitrust authority levied against […]
October 03, 2022
Dutch technology investment giant Prosus has canceled its subsidiary PayU’s $4.7 billion acquisition of Indian digital payments processor BillDesk, saying conditions of the deal had not been met. In a...
August 31, 2021
Dutch technology investment firm Prosus is closing a $4.7 billion deal to acquire Indian payment firm BillDesk, which Prosus will combine with its FinTech PayU, also in India. The transaction...
July 05, 2020
Indian payment gateway BillDesk, which controls over half of the business clients in the country, is looking to sell off its business after a previous unsuccessful attempt two years ago,...
