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PAYMENT GATEWAY BILLDESK.
Digital payments service BillDesk's profit declines 39% to Rs 149 crore, revenue grows to Rs 2,442 crore in FY22Total consolidated revenues for the BillDesk’s parent stood at Rs 2,513.8 crore for FY22, company filings showed.
Prosus may have saved $50-$100 million in BillDesk deal breakup feeA 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...
Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...
Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...
PayU calls off $4.7 bn acquisition of BillDeskProsus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an...
Prosus drops $4.7B BillDesk deal; revisit the biggest failed ‘tech-overs’ everProsus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm Bil...
CCI clears PayU’s $4.7 billion BillDesk acquisition after a yearThe deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Fl...
PayU India submits revised merger notification to CCI on BillDesk dealAccording to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable a...
CCI seeks more info to clear mega PayU-BillDesk deal“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person dir...
Pine Labs launches payment gateway platform PluralPlural will target partnerships with large digital merchants, financial institutions, as well as payments collected by various government o...
Indian trio reap $500 million each selling payments startupIn an age where every funding round is touted in press statements and staff parties, Prosus-owned PayU found itself having to take complete...
Prosus-backed PayU to acquire Indian payments gateway firm BillDesk for $4.7 billionThis will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing ...
Paytm in exploratory talks with three payment gateway firms: SourcesPaytm 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...
BillDesk strikes it rich amid payments crisisCo set to monopolise recurring payments market as top banks take SI Hub services
ICICI Bank enables customers to break high-value transactions into EMIsCustomers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet...
Visa takes minority stake in Billdesk, valuation hits $1.8 billionVisa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses.
Visa may invest in BillDesk, valuing co at $1.5-2 billionFor Visa, an investment in BillDesk would help the American firm cement its position in the payments ecosystem in India.
Fintech companies get ready to cash in this festive season"We expect the total ecommerce industry sales during the festive season to grow by up to 50% over last year. The top two players will conti...
BillDesk to raise $200 million at $1 billion valueillDesk plans to explore inorganic growth as consolidation is likely to play out in the emerging online payment gateway sector.
Private equity fund TA Associates to grow holding in BillDesk with Rs 450 crore infusionIn 2012, TA Associates purchased a minority stake from State Bank of India and Clearstone Venture Partners for an undisclosed sum.