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TA Associates purchases minority stake in BillDesk

Wednesday 4 April 2012 11:06 CET | News

TA Associates, a global private equity firm, has purchased a minority stake in Indian online payment services company BillDesk. The financial terms of the agreement have not been disclosed yet.

BillDesk, a property of IndiaIdeas.com was launched in early 2000 to help consumers organise and manage their payments. The company has partnered multiple banks, card issuers, service providers and merchants in providing electronic bill presentment and payment and online payment services in India.

Most recently, BillDesk has extended the agreement with Aviva Life Insurance, to provide the latters clients with new services regarding premium payment.
 


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Keywords: TA Associates, BillDesk, online payments, banks, card issuers, electronic bill
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce