As PayU exits other markets, it will focus on India, Turkey and South East Asia. For India, PayU wants to double down on the credit busines...

Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.

A person aware of the matter said the layoffs are spread across various teams and mainly impacted PayU India’s unit, Wibmo, a digital payme...

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...

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...

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...

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...

Our main story today is about government surveillance and begins with a whodunnit. So in the interest of avoiding spoilers, let’s get right...

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...

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.