Visa has provided a reported $200m in equity funding for bill payment platform BillDesk and bought up to $100m worth of shares in a secondary transaction.

Payment processing firm Visa has invested up to $300m in India-based mobile wallet provider BillDesk at a valuation of $1.8bn, according to the Economic Times.

Visa did not confirm financial details but a person familiar with the matter told ET the deal consisted of approximately $200m in direct investment and between $80m and $100m as a secondary purchase.

Founded in 2000, BillDesk operates an online payment and loyalty platform that enables customers to pay bills by linking their existing bank…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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