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Prosus-backed fintech firm PayU is set to acquire India’s earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India’s digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa.
www.business-standard.com
PayU acquires BillDesk for $4.7 bn in one of largest Indian fintech deals
The latest deal is happening when the Indian payments segment is seeing huge traction
