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PayU eyes bill-payments crown; audio-streaming leaders clash again
Pratik Bhakta
Soumya Gupta
Pratik Bhakta
Soumya Gupta
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
September 09, 2022
5 MINS READAfter 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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