Payments Firms Face GST Scrutiny
Major payment aggregators, including BillDesk and CCAvenue, have recently been served notices by the Goods and Services Tax (GST) authorities. The notices demand that these firms pay GST on fees charged to merchants for processing digital transactions under Rs 2,000, as reported by The Economic Times.
Vishwas Patel, Joint Managing Director of Infibeam Avenues…
Payu, possessed by Prosus, has obtained BillDesk for $4.7 billion, in what is effectively probably the greatest arrangement in India’s fintech space.
The proposed bargain is dependent upon endorsement from India’s opposition guard dog and expands on past acquisitions by PayU in India, including CitrusPay, Paysense and Wibmo. Existing financial backers in Billdesk incorporate Visa, General…
