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Indian payments firm BillDesk has entered into an agreement to acquire the Indian payment operations of French payments major Worldline SA for an estimated equity value of about $70.8 million.
As part of the transaction, Worldline will also enter into a long term technology and software partnership with BillDesk, under which the Indian payments company will continue to use Worldline’s payment software on an ongoing basis.
The deal values Worldline’s India business at an enterprise value of $43.7 million.
Worldline said the proposed sale is part of its broader strategy to sharpen its focus on core payment activities in Europe, streamline operations, and optimise resource allocation. The cash proceeds from the transaction are expected to strengthen the group’s financial profile and support capital redeployment towards its core businesses.
In May last year, Worldline received approval from the Reserve Bank of India to operate as a cross border payment aggregator in India. The RBI authorisation allowed Worldline’s Indian arm to facilitate online import and export transactions for merchants under the formal regulatory framework. Following the acquisition, BillDesk is expected to benefit from Worldline’s technology capabilities while consolidating its position in the payments ecosystem.
According to its consolidated financial statements for FY24, BillDesk’s revenue from operations declined to Rs 2,334 crore from Rs 2,678 crore in the previous year, while profit after tax fell to Rs 121 crore from Rs 142 crore. The company reported cash and bank balances of Rs 930 crore at the end of FY24. Its FY25 results are yet to be announced.
According to The Head and Tale report, Worldline India reported revenue from operations of Rs 694 crore in FY25, while posting a loss of Rs 22.5 crore.
Worldline said that the combined net cash proceeds from all its previously announced divestments, including MeTS, Worldline North America, Cetrel, PaymentIQ and its India business, are estimated to be between $637.2 million and $696.2 million, with the proceeds expected to be received in 2026.
The closing of the BillDesk Worldline India transaction is expected in the second half of 2026.