Prosus acquires Indian payments company BillDesk for $4.7b

Prosus acquires Indian payments company BillDesk for $4.7b

Photo: Pixabay

Prosus NV doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making it one of the biggest players in the country’s fast-growing fintech sector.

Prosus, Europe’s answer to SoftBank and its Vision Fund, said BillDesk will complement its own PayU business, which operates in India, Latin America and Europe.

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