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Prosus NV Terminates $4.7 Billion Deal to Acquire BillDesk Days After CCI Approval
Technology investor Prosus NV has "terminated" a $4.7 billion deal to buy payments platform BillDesk, it said on Monday, adding that conditions had not been met. Prosus announced plans to buy BillDesk in August 2021, saying it would complement its PayU business and strengthen its presence in India, one of Prosus's largest markets.
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Paytm Spokesperson Says ED Not Investigating New Cases, Searches Related to Old Probes: Report
Paytm has reportedly denied anything new being investigated in the recent search by the Enforcement Directorate (ED) at the company’s premises on Wednesday. As per a report, a Paytm spokesperson clarified that the federal agency has only sought information linked to the ongoing probes on certain merchants in recent search operation.
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PayU India Receives CCI Approval for 100 Percent Acquisition of BillDesk
PayU India payments has received the Competition Commission of India (CCI) approval for the acquisition of 100 percent equity of indiaideas.com (BillDesk). The announcement for acquiring digital payments provider BillDesk at $4.7 billion (about Rs 34,400 crore) initially came from Prosus NV-backed PayU in August last year.
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RBI Asking Companies to Not Save Customers Card Details Said to Hit E-Commerce, Food Delivery
RBI’s guidelines that prohibit companies from saving card details of customers and that are soon to come into effect will hit e-commerce and food delivery firms, industry sources and bankers say.
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Auto-Debit Rules From RBI Now Live: Prepare for Some Disruptions to Recurring Online Transactions
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.
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PayU’s Prosus to Buy Payments Company BillDesk for $4.7 Billion
PayU’s Prosus has agreed to buy payments company BillDesk in a $4.7 billion (roughly Rs. 34,380 crores) deal.
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LazyPay Security Flaw, Now Fixed, Could Have Been Used to Acquire Sensitive User Information
LazyPay, the digital credit platform by Netherlands-based fintech company PayU, was found to have a security flaw that could have allowed hackers to obtain sensitive user information, such as their full name, gender, data of birth, and profile picture. The issue was resolved quickly after it was reported to the company.
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PayU Buys PaySense for $185 Million to Merge It With LazyPay
PayU on Friday announced it will merge the business operations of "buy now pay later" platform LazyPay and PaySense to build a full-stack digital lending platform in India.
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PayU Acquires US-Based Fintech Firm Wibmo for $70 Million
Wibmo will continue to operate and serve all of its clients under its founder and CEO Govind Setlur as a wholly-owned subsidiary of PayU.
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LazyPay Ties Up With Airtel, Flipkart to Expand Its 'Buy Now Pay Later' Model
LazyPay was launched by fintech giant PayU in India back in April last year.
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Xiaomi Mi Pay Beta Testing Starts in India, Countering Google Pay in the Country
Xiaomi has partnered with ICICI Bank and PayU to launch the Mi Pay digital payments platform in India.
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PayU's New EMI Platform Monedo Is Proving to Be Popular When Paying Fees and Buying Mobiles
Wallet turned gateway PayU expands its credit offering from pay-later micro-credit to EMIs for loans up to Rs. 1 lakh. Here's what you need to know.
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Your Favourite Indian Apps and Sites May Soon Let You Buy Now and Pay Later
Buy now and pay later - that's the idea behind PayU India's LazyPay service, which was announced in April, and now, three months later, is gearing up to exit beta.
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PayU Launches Deferred Payment Facility 'LazyPay' in India
PayU LazyPay provides a deferred payment facility of 15 days with a transaction limit decided as per the purchasing behaviour of every individual.
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PayU Plans to Launch Digibank Services in Next 12 to 18 Months
PayU CEO B Amrish Rau said that the company will not require to set up a brick and mortar structure for the Digibank.
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Prosus NV Terminates $4.7 Billion Deal to Acquire BillDesk Days After CCI Approval
Technology investor Prosus NV has "terminated" a $4.7 billion deal to buy payments platform BillDesk, it said on Monday, adding that conditions had not been met. Prosus announced plans to buy BillDesk in August 2021, saying it would complement its PayU business and strengthen its presence in India, one of Prosus's largest markets.
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Paytm Spokesperson Says ED Not Investigating New Cases, Searches Related to Old Probes: Report
Paytm has reportedly denied anything new being investigated in the recent search by the Enforcement Directorate (ED) at the company’s premises on Wednesday. As per a report, a Paytm spokesperson clarified that the federal agency has only sought information linked to the ongoing probes on certain merchants in recent search operation.
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PayU India Receives CCI Approval for 100 Percent Acquisition of BillDesk
PayU India payments has received the Competition Commission of India (CCI) approval for the acquisition of 100 percent equity of indiaideas.com (BillDesk). The announcement for acquiring digital payments provider BillDesk at $4.7 billion (about Rs 34,400 crore) initially came from Prosus NV-backed PayU in August last year.
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RBI Asking Companies to Not Save Customers Card Details Said to Hit E-Commerce, Food Delivery
RBI’s guidelines that prohibit companies from saving card details of customers and that are soon to come into effect will hit e-commerce and food delivery firms, industry sources and bankers say.
-
Auto-Debit Rules From RBI Now Live: Prepare for Some Disruptions to Recurring Online Transactions
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.
-
PayU’s Prosus to Buy Payments Company BillDesk for $4.7 Billion
PayU’s Prosus has agreed to buy payments company BillDesk in a $4.7 billion (roughly Rs. 34,380 crores) deal.
-
LazyPay Security Flaw, Now Fixed, Could Have Been Used to Acquire Sensitive User Information
LazyPay, the digital credit platform by Netherlands-based fintech company PayU, was found to have a security flaw that could have allowed hackers to obtain sensitive user information, such as their full name, gender, data of birth, and profile picture. The issue was resolved quickly after it was reported to the company.
-
PayU Buys PaySense for $185 Million to Merge It With LazyPay
PayU on Friday announced it will merge the business operations of "buy now pay later" platform LazyPay and PaySense to build a full-stack digital lending platform in India.
-
PayU Acquires US-Based Fintech Firm Wibmo for $70 Million
Wibmo will continue to operate and serve all of its clients under its founder and CEO Govind Setlur as a wholly-owned subsidiary of PayU.
-
LazyPay Ties Up With Airtel, Flipkart to Expand Its 'Buy Now Pay Later' Model
LazyPay was launched by fintech giant PayU in India back in April last year.
-
Xiaomi Mi Pay Beta Testing Starts in India, Countering Google Pay in the Country
Xiaomi has partnered with ICICI Bank and PayU to launch the Mi Pay digital payments platform in India.
-
PayU's New EMI Platform Monedo Is Proving to Be Popular When Paying Fees and Buying Mobiles
Wallet turned gateway PayU expands its credit offering from pay-later micro-credit to EMIs for loans up to Rs. 1 lakh. Here's what you need to know.
-
Your Favourite Indian Apps and Sites May Soon Let You Buy Now and Pay Later
Buy now and pay later - that's the idea behind PayU India's LazyPay service, which was announced in April, and now, three months later, is gearing up to exit beta.
-
PayU Launches Deferred Payment Facility 'LazyPay' in India
PayU LazyPay provides a deferred payment facility of 15 days with a transaction limit decided as per the purchasing behaviour of every individual.
-
PayU Plans to Launch Digibank Services in Next 12 to 18 Months
PayU CEO B Amrish Rau said that the company will not require to set up a brick and mortar structure for the Digibank.
