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Last Updated : Nov 16, 2018 10:01 PM IST | Source: PTI

Visa picks minority stake in payments processing co Billdesk

According to recent reports, Billdesk was looking to raise $250 million from Visa at an enterprise valuation of over $1.5 billion.

Global major Visa has picked up a minority stake in domestic payments processing company Billdesk for an undisclosed sum.

According to recent reports, Billdesk was looking to raise $250 million from Visa at an enterprise valuation of over $1.5 billion.

"Visa's investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses and also expand its footprint into other geographies," an official statement said.
First Published on Nov 16, 2018 09:51 pm
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