Prosus makes $4.7 billion bet on online payments in India

Amsterdam-listed Prosus, which is majority owned by South African holding company Naspers Ltd., said its payments and fintech subsidiary PayU will pay 345 billion rupees, equivalent to $4.72 billion, for BillDesk in an all-cash deal. Prosus shares rose 5% Tuesday following the announcement. The acquisition will bring Prosus’s cumulative investment in Indian tech to more … Read more