Prosus to Buy Indian Payments Platform BillDesk for $4.7 Billion
31 August 2021 - 8:40AM
Dow Jones News
By Jaime Llinares Taboada
Prosus N.V. said Tuesday that it has agreed to acquire Indian
payments platform BillDesk from IndiaIdeas.com Ltd.
The Dutch internet conglomerate, a subsidiary of South Africa's
Naspers Ltd., said it will pay 345 billion rupees ($4.70 billion)
for BillDesk.
"PayU and BillDesk will be able to meet the changing payments
needs of digital consumers, merchants and Government enterprises in
India and offer state-of-the-art technology," Prosus said. PayU is
a subsidiary of Prosus.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
August 31, 2021 02:25 ET (06:25 GMT)
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