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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