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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Takeaways from PayU’s $4.7 billion acquisition of one of its oldest rivals.
Yesterday was a big day in the Indian fintech scene.
BillDesk, one of the oldest payment processing companies in the country, has agreed to get acquired by rival PayU in what is being hailed as the biggest fintech deal in India.
On Tuesday, Prosus NV—the investment arm of the Naspers group, which owns PayU—announced that “an agreement has been reached between PayU and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for $4.7 billion”. The deal will bring Prosus’s cumulative investment in the Indian tech ecosystem to more than $10 billion.
The deal price is about …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
