The deal is set to create one of the largest payment processing companies in the world, handling $147bn annually.

Netherlands-based internet group Prosus’ payment processing subsidiary PayU is buying BillDesk, the India-based mobile wallet provider backed by payment processor Visa, in a merger deal worth $4.7bn.

The merger will purportedly make PayU one of the largest online payment providers globally by payment volume – around $147bn annually – catering to individual, business and government customers.

Founded in 2000, BillDesk has developed an online payment platform allowing customers to connect their bank accounts to make bill payments. In addition to…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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