Billdesk

New auto-debit rules constructed by the Reserve Bank of India (RBI) came into effect on Friday (October 1). The update is believed to impact lakhs of customers who have already opted for recurring online transactions. Banks and merchants are, however, working hard to follow the norms.

Prosus said BillDesk will complement its own PayU business, which operates in India, Latin America and Europe.

PayU’s Prosus has agreed to buy payments company BillDesk in a $4.7 billion (roughly Rs. 34,380 crores) deal.

The investment will be subject to statutory approvals and is expected to have no direct bearing on Visa's existing India business, the company said in a statement.

BharatQR code works with bank apps, and lets people make the payments directly from their accounts by scanning a QR code.

The RBIs proposed Bharat Bill Payment System wants to bring interoperability to payment providers, and make it easier to pay everything from school fees to TV top ups, but will it deliver?

New auto-debit rules constructed by the Reserve Bank of India (RBI) came into effect on Friday (October 1). The update is believed to impact lakhs of customers who have already opted for recurring online transactions. Banks and merchants are, however, working hard to follow the norms.

Prosus said BillDesk will complement its own PayU business, which operates in India, Latin America and Europe.

PayU’s Prosus has agreed to buy payments company BillDesk in a $4.7 billion (roughly Rs. 34,380 crores) deal.

The investment will be subject to statutory approvals and is expected to have no direct bearing on Visa's existing India business, the company said in a statement.

BharatQR code works with bank apps, and lets people make the payments directly from their accounts by scanning a QR code.

The RBIs proposed Bharat Bill Payment System wants to bring interoperability to payment providers, and make it easier to pay everything from school fees to TV top ups, but will it deliver?