Worldline BillDesk hits major milestone Worldline completes sale of Indian payment activities to BillDesk. The agreement marks another milestone, Worldline’s strategic transformation journey and strengthens its long-term positioning in India’s fast-growing digital payments market. Worldline BillDesk also indicates a greater commitment towards technical collaboration, operational continuity and innovation for the future. This agreement further bolsters the positions of both companies in the dynamic payment services industry.
Worldline, a leading European payment services provider, has completed the divestment at an estimated equity value of around €60 million. Under the deal, BillDesk, one of India’s leading payment companies with a strong market presence and large merchant network, takes over the Indian payment operations.
Technology Partnership Increases Cooperation, Long-Term
The transaction was backed by a long-term technology and software agreement between Worldline and BillDesk. As part of this partnership, BillDesk will continue to use Worldline’s advanced payment software in the foreseeable future. Thus the solution retains the value of Worldline’s payment technology and guarantees continued service.
The partnership also establishes a long-term relationship between the two organizations in one of the fastest growing payment markets in the world. BillDesk will use its domestic expertise, existing infrastructure and knowledge of Indian merchants to scale the acquired business. This will guarantee continued operational stability and future growth for customers and partners.
Worldline also believes the partnership will enable continued innovation and allow Indian payment activities to grow under a trusted local payments leader. The company also expects the deal to add to the long-term value of its software capabilities.
Worldline Strengthens India as Innovation Hub
While the sale has been completed, Worldline is still committed to India as an important technology and innovation centre. The company said that the Global Competence Centres (GCCs) in India will continue to support its overall business strategy.
These GCCs will continue to support operations in Western Europe, and will evolve into advanced innovation hubs under the company’s North Star transformation plan. Worldline will accelerate automation, Generative AI and agentic AI initiatives throughout its worldwide business while bolstering critical payment expertise.
The deal has an enterprise value of about €37 million and an estimated equity value of about €60 million. Worldline expects the divestment to result in a reduction of annual revenue by about €90 million and Adjusted EBITDA by nearly €8 million. The company expects the transaction to be free cash flow neutral for the full year, however.
Worldline also expects to receive total net cash proceeds of €590 million to €640 million from all previously announced business disposals. These include Mobility & e-Transactional Services, Worldline North America, Cetrel, PaymentIQ, Worldline Merchant Services India, Worldline New Zealand and ANZ Worldline Payment Solutions Australia. The company expects to realize these proceeds in 2026. As a result, Worldline expects to benefit from a stronger financial position, greater strategic flexibility and more investment in its core payment services business.
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News Source: GlobeNewswire.com
