Technology

Prosus Makes $4.7 Billion Bet on Online Payments in India

Prosus Makes $4.7 Billion Bet on Online Payments in India

European technology giant Prosus NV said it struck a $4.7 billion deal—its largest-ever acquisition—to buy Indian payments platform BillDesk, the latest investor bet that more and more consumers will conduct transactions online.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.

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