November 05, 2024 13:38 (IST)
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PayU to acquire online payment gateway provider BillDesk for $4.7 billion

PayU to acquire online payment gateway provider BillDesk for $4.7 billion

Bengaluru/IBNS: Global consumer internet group Prosus that owns PayU said Tuesday that an agreement had been reached for payments fintech PayU to acquire online payment gateway provider BillDesk for $4.7 billion.

WhatsApp Pay Continues Struggling Months after Launch

WhatsApp Pay Continues Struggling Months after Launch

The Facebook-owned messaging giant caused Indian regulators some initial concerns with its dominant market share. The RBI and the NPCI imposed substantial limitations to its payment service back in November when effortless adoption rates were predicted. Yet, its actual market penetration (under India’s own UPI) is way below expectations.