December 06, 2024 10:41 (IST)
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PayU gets RBI's in-principle approval to operate as Payment Aggregator

PayU gets RBI's in-principle approval to operate as Payment Aggregator

Mumbai: After a wait of nearly 15 months, the Reserve Bank of India (RBI) has granted initial approval to PayU, a fintech firm backed by Prosus, to operate as a Payment Aggregator (PA) and resume the process of onboarding new merchants.

PayU to acquire online payment gateway provider BillDesk for $4.7 billion

PayU to acquire online payment gateway provider BillDesk for $4.7 billion

Bengaluru/IBNS: Global consumer internet group Prosus that owns PayU said Tuesday that an agreement had been reached for payments fintech PayU to acquire online payment gateway provider BillDesk for $4.7 billion.