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Fintech & Ecommerce

Visa supports the growth of digital payments in India

Nov 19, 2018

Visa invests in BillDesk, India’s leading payments technology platform

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Visa supports the growth of digital payments in India. Source: shutterstock.com

Visa announced a minority investment in BillDesk, a leading platform for online payments and bill payments in India. Visa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses and also expand its footprint into other geographies. The investment will be subject to necessary statutory approvals and is expected to have no direct bearing on Visa’s existing Indian business.

As a leading payments player in India, BillDesk has been a long time business partner to Visa. Having worked with BillDesk’s founders over the years, the Visa leadership has been consistently impressed with their vision, market knowledge and execution capabilities, as well as alignment on values. This investment further reinforces our long-term commitment to India’s digital payments growth story
Chris Clark, Asia Pacific regional president

This is Visa’s latest partnership and investment with emerging payment innovators. Visa continually partners with technology and financial services businesses across the world – especially those that have the potential to advance digital payments growth for clients and customers. Previous investments have included Paidy, Behalf, Marqeta, Payworks, Klarna, LoopPay (acquired by Samsung), Square and Stripe, among others.

SEE ALSO:?Chase teamed up with Visa to popularize contactless payments

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