Indian payments firm BillDesk has agreed to acquire the Indian payment operations of French payments company Worldline SA for approximately $70.8 million. The deal includes a long-term technology and software partnership, enabling BillDesk to continuously utilize Worldline’s payment software. The transaction values Worldline’s India business at around $43.7 million.
Worldline’s decision to sell its India business aligns with its strategy to focus on core payment activities in Europe, streamline operations, and enhance resource allocation. The cash infusion from this transaction is expected to bolster Worldline’s financial standing and facilitate reinvestment in its primary businesses.
Following regulatory approval from the Reserve Bank of India for cross-border payment operations, Worldline’s Indian arm is set to support online import and export transactions under formal regulatory frameworks. BillDesk stands to gain from Worldline’s technological expertise, strengthening its position in the payments sector.
Financially, BillDesk reported a decline in revenue and profit after tax for FY24. However, with cash and bank balances amounting to Rs 930 crore, the company remains well-positioned. Worldline India’s FY25 operations recorded revenue of Rs 694 crore but incurred a loss of Rs 22.5 crore.
The consolidation of net cash proceeds from various divestments, including the recent India business sale, is anticipated to range between $637.2 million and $696.2 million, with receipts expected in 2026. The closure of the BillDesk-Worldline India transaction is slated for the latter half of 2026.
Source: Entrackr : Latest Posts