Mumbai-based payment gateway BillDesk is acquiring the India business of Worldline, the company said in a social media post. While the company did not disclose the deal size, Moneycontrol reported that the transaction is valued at ₹650 crore (around $70 million).
Worldline India works closely with large banks and runs their offline payment terminal business. With this acquisition, BillDesk adds a sizeable in-store presence to its largely online payments franchise.
The deal also comes with a long-term technology and software agreement. BillDesk will continue to use Worldline’s payment software on a long-term basis. The transaction remains subject to customary regulatory approvals and closing conditions.
“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 MN Srinivasu, co-founder of BillDesk.
BillDesk said the association “brings together large-scale payment aggregation, bank-grade transaction switching and omnichannel merchant acquiring within a single unified platform.” The combined business will offer an integrated omnichannel payments stack spanning recurring mandates, cross-border flows, and in-store POS and QR acceptance.
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The acquisition marks a strategic reset for BillDesk, four years after its proposed $4.7 billion sale to PayU collapsed in 2022. That deal would have been one of the largest fintech acquisitions in India.
Worldline’s India operations include Ingenico, which it acquired in 2020. Ingenico had earlier bought Mumbai-based Techprocess in 2017, expanding its merchant acquiring footprint in the country.
Founded in 2000, BillDesk is among India’s oldest payment gateway firms, with long-standing relationships with banks and a strong presence in government bill payments. It reported operating revenue of ₹2,446 crore and a net profit of ₹121 crore in FY24.
For BillDesk, the move deepens its bank relationships and pushes it further into omnichannel acquiring, stitching together online gateways and offline terminals at a time when payments infrastructure is increasingly expected to work everywhere, not just on the internet.
