Ogone Payment Services, a payment service provider, has acquired
India-based E-Billing Solutions (EBS).

EBS will continue to run its services under
its current management structure and will keep hold of its name and
brand in the Indian market.

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Peter De Caluwe, CEO of Ogone Payment
Services, said:

“Only 8.4% of the Indian market is
currently online but this translates to 100 million users, which
makes it the fourth largest online country [in terms of online
users] in the world and this is set to grow rapidly with online
travel accounting for 80% of the commerce in India.

“Acquiring a leading company such as EBS
represents a huge potential for us and our European merchants.”

Ogone handles payments for a number of
organisations such as DHL International, Thomas Cook and Bose
amongst others. 

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E-billing has been widely focused on in India with the
union finance minister of India ordering state owned banks to
only make payments electronically.