More major consolidation underway in the world of payments: Prosus — the Dutch tech giant that bundles together Naspers’ fintech, e-commerce and other international investments and businesses outside of South Africa (including a big stake in Tencent) — today announced that it would pay $4.7 billion to acquire BillDesk, a payments provider based in India. Prosus plans to combine BillDesk with PayU, its existing global fintech and payments business, which already has a strong presence in India. The deal has been rumored to be in the works since about July.
TechInnovation. Prosus acquires Indian payments giant BillDesk for $4.7B, will merge with its PayU fintech group (Ingrid Lunden, Manish Singh,TechCrunch)
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