PayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net los...

A breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. A long stop date is the date by w...

The merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...

In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...

Prosus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an...

Prosus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm Bil...

This comes after a year-long wait for the Prosus-owned PayU which has had to answer several questions from the regulator over the past year...

The deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Fl...

Bengaluru-based Acko had signed a term sheet with PayU, owned by Prosus, but the South African conglomerate decided not to go ahead with th...

According to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable a...

“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person dir...

PayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...

This will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing ...

BillDesk, founded in the year 2000 by MN Srinivasu, Ajay Kaushal and Karthik Ganapathy, has been acquired by global technology investor Pro...

BillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech investor Prosus in a $4.7 billion ...

Paytm is exploring a deal around the time when it is also looking at raising about $3 billion (about ₹21,900 crore) from capital markets th...

For Visa, an investment in BillDesk would help the American firm cement its position in the payments ecosystem in India.