Visa to take minority stake in BillDesk
Updated : November 16, 2018 09:27 PM IST
The investment will be subject to statutory approvals and is expected to have no direct bearing on Visa's existing India business, the company said in a statement.
Visa's latest move comes a week after India's finance minister said Mastercard and Visa were losing market share to domestic payments networks.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more