BillDesk to Acquire Worldline India Payment Businesses
Acquisition adds RBI-licensed cross-border aggregation and in-store acquiring, expanding BillDesk’s footprint across online and offline merchant payments.
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[Source photo: Venkat Reddy Marri/MITSMR Middle East]
Mumbai-based payments firm BillDesk has signed a definitive agreement to acquire Worldline India’s payment businesses, subject to regulatory approvals and customary closing conditions.
The deal will add Worldline India’s RBI-authorized payment aggregator platform, including its cross-border PA-CB license, as well as its in-store acquiring operations that deploy POS terminals and QR-based solutions for offline merchants.
Worldline India processes online payments across sectors including e-commerce, banking, retail and travel, supporting cards, UPI, wallets and net banking through a unified interface.
BillDesk, one of India’s largest bill payment and enterprise payment processing platforms, works with banks, utilities, insurers and government entities, providing transaction switching, recurring mandates, EMIs and subscription payments.
The acquisition would combine BillDesk’s enterprise payment infrastructure with Worldline India’s online aggregation and offline acquiring network, expanding its reach across digital and physical merchant payments.
“This transaction is a forward-looking investment in India’s payments ecosystem,” said M.N. Srinivasu, co-founder of BillDesk. “It strengthens our ability to deliver a more connected and scalable payments experience for banks, enterprises and merchants.”
Shardul Amarchand Mangaldas and Co. advised BillDesk on the transaction, with EY acting as diligence advisor.
