The Competitors Fee of India has accepted the $4.7 billion acquisition of digital funds supplier BillDesk by the proprietor of PayU.
The approval comes a yr after Dutch enterprise builder Prosus agreed to purchase BillDesk and merge it with funds processing subsidiary PayU.
In April, the CCI requested the events to submit a brand new software for the deal, in accordance with native web site CapTable.
The transaction builds on earlier profitable acquisitions by PayU in India, together with CitrusPay, Paysense and Wibmo.
PayU India and BillDesk run complementary companies inside India’s digital cost business. Asserting the deal final yr, the 2 stated they count on to create a monetary ecosystem dealing with 4 billion transactions yearly.