Prosus acquires Indian payments giant BillDesk for $4.7B, will merge with its PayU fintech group - NewsBreak

The acquisition will make PayU one of the bigger online payment providers globally with some $147 billion in payment volume annually. But the acquisition is not only a significant consolidation move in the world of payments: it also underscores Prosus' continuing focus on developing markets and specifically India. Prosus said that the deal — one of the biggest ever made by Prosus, and one of the biggest M&A moves in India — will give its fintech holdings in India a cumulative investment value of $10 billion.