Prosus buys Indian payments company BillDesk for US$4.7 billion

📆 2021/08/31 11:22:00
📰 ChannelNewsAsia

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

AMSTERDAM :Technology investor Prosus NV said on Tuesday it had agreed to buy Indian payments platform BillDesk for US$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

AMSTERDAM :Technology investor Prosus NV said on Tuesday it had agreed to buy Indian payments platform BillDesk for US$4.7 billion to complement its own PayU business.

BillDesk, one of India's largest payment platforms, had 2.71 billion Indian rupees in after tax net profit for the year ended March 31 2021, Prosus said.

Write Comment

keep looking for another Tencent😃

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Softbank-backed ride-sharing company Ola readies for up to US$1 billion India IPO -sourcesNEW DELHI/HONG KONG : Indian ride-sharing giant Ola plans to raise up to US$1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom. Ola, backed by Japan's Softbank Grou
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »