Fintech

PayU eyes bill-payments crown; audio-streaming leaders clash again

Pratik Bhakta

Soumya Gupta

September 09, 2022 | 5 Min Read

The Crux newsletter this week. PayU is a marginal player in bill payments. But the green-lighted acquisition of BillDesk changes everything. Plus, why Pocket FM and Kuku FM can’t stop battling it out in court

After much suspense, antitrust regulator CCI recently signed off on PayU’s $4.7-billion acquisition of BillDesk. The combined entity will undoubtedly shake up India’s digital payments space en route to becoming a fintech behemoth.

Quick climb to the top: The development will also swing Naspers-owned PayU’s fortunes in a dramatic fashion. Currently, it is on the margins of the bill-payments party. (The segment comprises consumer- and biller-focused transactions.)

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