PAYU BILLDESK

In 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.

Razorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market share

From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo ...

As PayU exits other markets, it will focus on India, Turkey and South East Asia. For India, PayU wants to double down on the credit business across consumer loans and check out finance products.

Former Amazon executive Puneet Chandok, who left the Seattle-based etailer’s Amazon Web Services team as its India and South Asia head, in June, will now lead the India operations of Microsoft. This and more in today’s ETtech Top 5.

Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.

Even as overall income saw a bump, PayU India’s revenue growth rate slowed from the 42% witnessed in FY22.

Prosus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and payments companies in India, have recorded strong growth this year. It also said it stopped equity accounting fo...

PayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net losses of Rs 114.6 crore for the previous fiscal (FY21).

Multiple founders and investors ET spoke to said the development has come at a particularly challenging time for the sector, which has been pummelled by a swathe of regulatory changes that have affected fintech businesses across the board.

In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled by the September 30, 2022 long stop date, causing the agreement to be terminated automatically.” He did not ela...

Prosus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an all-cash deal to expand its footprint in India's booming fintech sector under the umbrella of its payment gat...

Prosus NV, which owns PayU, has terminated a USD 4.7 billion (about Rs 38,400 crore) deal to acquire Indian payments firm BillDesk, saying certain conditions precedent were not met. Prosus, the global investment arm of South African multinational Na...

Prosus’s $4.7 billion deal to buy BillDesk would have been one of the largest ever in India's technology sector, but how does it compare with the world’s biggest tech takeover deals that went south? It’s of course dwarfed by the biggest failed ‘tech...

This comes after a year-long wait for the Prosus-owned PayU which has had to answer several questions from the regulator over the past year since the deal was officially announced in August 2021.

The deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Flipkart in 2018—will involve the merger of the payments gateway business of two of the country’s largest player...

Bengaluru-based Acko had signed a term sheet with PayU, owned by Prosus, but the South African conglomerate decided not to go ahead with the financing.

The Competition Commission of India (CCI) has cleared PayU’s $4.7 billion acquisition of online payments firm BillDesk, the antitrust regulator said in a tweet on Monday evening. This comes after a year-long wait for the Prosus-owned PayU which has ...

According to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable adverse effect on competition in any of the above relevant markets or their constituent segments.”