BillDesk to Acquire Worldline SA’s India Payments Business for $70.8 Million

BillDesk has agreed to buy the Indian payment business of French payments company Worldline SA for an estimated equity value of about $70.8 million.

As part of the deal, Worldline will also sign a long-term technology partnership with BillDesk. This means BillDesk will continue using Worldline’s payment software even after the acquisition.

The agreement values Worldline’s India business at an enterprise value of $43.7 million.

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“It 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.

BillDesk said the acquisition would expand its reach into additional regional markets, strengthen merchant distribution and accelerate monetisation opportunities in the mid-market merchant segment.

Worldline SA received approval from the Reserve Bank of India to operate as a cross-border payment aggregator in India. This approval allowed its Indian arm to handle online import and export payments for businesses under official regulations.

After the acquisition, BillDesk is expected to benefit from Worldline’s technology and strengthen its position in the Indian payments market.

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According to its consolidated financial results for FY24, BillDesk reported a drop in revenue from operations to Rs 2,334 crore, compared to Rs 2,678 crore in the previous year.

Its profit after tax also decreased to Rs 121 crore, down from Rs 142 crore a year earlier.

At the end of FY24, the company had Rs 930 crore in cash and bank balances. Its financial results for FY25 have not been announced yet.

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