Digital payments processor BillDesk is set to acquire the Indian business of France-based payment software firm Worldline for an estimated equity value of $70.7 million (about Rs 643 crore).
In an official release on Wednesday, Worldline said it is entering into a technology and software agreement, under which BillDesk would continue to use the former’s payment software on a long-term basis. The deal is expected to close by the second half of the current calendar year (H2 2026).
Worldline added that it would continue to operate its existing Global Capability Centres (GCCs) in India to support Western European operations and gradually convert these GCCs to innovation hubs, with plans to build critical payment talent pools and drive automation, GenAI, and agentic AI at scale.
What BillDesk Stands to Gain From the Deal
Founded in 2000, BillDesk provides online payment gateway services to merchants, businesses, governments, and banks. Meanwhile, Worldline India runs a payment aggregator business with a widely deployed bank transaction switching and in-store acceptance infrastructure.
The strategic acquisition would bring together large-scale payment aggregation, bank-grade transaction switching, and omnichannel merchant acquiring within a single, unified entity.
“This strengthens our ability to deliver a more connected and scalable payments experience for banks, enterprises, and merchants, while supporting digital adoption across markets and segments,” said M N Srinivasu, Co-founder of BillDesk.
In a statement, the company said the deal would allow it to provide a coordinated omnichannel payments experience to customers spanning digital transactions, recurring mandates, cross-border flows, and in-store POS and QR acceptance.
The Strategic Reset at BillDesk
The acquisition marks a strategic reset at BillDesk. It comes more than three years after Prosus-backed fintech company PayU pulled out of its $4.7 billion acquisition of BillDesk in 2022. While the Competition Commission of India (CCI) had approved the deal, certain conditions precedent were not met by the deadline, which resulted in the agreement’s termination.
In July 2024, the company received a Payment Aggregator – Cross Border (PA-CB) licence from the Reserve Bank of India (RBI), placing it among a select cohort of fintechs permitted to facilitate both inward and outward cross-border payments with complete regulatory oversight. Since then, the likes of Razorpay, Juspay and PayU have also secured the PA-CB licence from the central bank.
BillDesk is yet to disclose earnings for the fiscal year 2024-25 (FY25). However, the company saw its revenue decline by nearly 13% year-on-year to Rs 2,334 crore in FY24, compared to Rs 2,678 crore in FY23, Entrackr reported, citing regulatory filings. Amid degrowth in its top line, the company’s profit after tax (PAT) also declined 14.8% to Rs 121 crore in FY24 from Rs 142 crore a year earlier.
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