Visa takes minority stake in Billdesk, valuation hits $1.8 billion
Saturday, November 17, 2018, 9:59 AM
American payments processor Visa said it is taking a minority stake in Indian payment gateway BillDesk. Reports had earlier said that Visa was looking to invest nearly $250 million in BillDesk, valuing it at around $1.5-2 billion. Mumbai-based BillDesk processes digital payments worth over $60 billion a year and provides customers with payment options like cards and e-wallets.