Mumbai, Feb. 25 -- Digital payments company BillDesk has entered into a definitive agreement to acquire the India payment businesses of French payments firm Worldline, the company said in a statement on Tuesday.

This comes nearly 10 months after Mint exclusively reported that Worldline had initiated a process to explore a potential sale of its India operations as part of a broader global restructuring.

The company had mandated its bankers to evaluate strategic options, including a divestment, amid efforts to exit non-core geographies and improve profitability following muted global growth and repeated profit warnings.

Billdesk did not disclose the size of the transaction.

The transaction also aligns with a broader consolidation wave i...