New Delhi: PayU, the fintech arm of Prosus, has acquired a 43.5 per cent stake in Mindgate Solutions, a company specializing in real-time payment technology.
The deal aims to strengthen PayU’s position in India’s fast-growing digital payments market while expanding Mindgate’s global presence. Mindgate’s founders will retain majority ownership.
Strategic Move to Expand Real-Time Payments
The partnership comes at a time when India’s Unified Payments Interface (UPI) continues to grow, with the National Payments Corporation of India (NPCI) aiming to process 100 billion transactions per month by 2030.
Mindgate, which provides real-time payment infrastructure for major Indian banks, will help PayU expand its digital payment capabilities both in India and globally.
Anirban Mukherjee, CEO of PayU, said the investment aligns with the company’s strategy to scale Indian payment technologies for global markets.
“Mindgate’s expertise in real-time payments complements our mission to enhance digital transaction infrastructure for banks, merchants, and consumers worldwide,” he said.
Growing Influence in the Digital Payments Space
Mindgate processes over 8 billion transactions monthly, providing payment solutions to banks across India, the Middle East, Southeast Asia and Europe. The company has been a key player in UPI’s development, handling high-volume transactions and enabling seamless digital payments.
Co-founder George Sam said the partnership with PayU will accelerate Mindgate’s global expansion and strengthen its role in developing secure and scalable payment solutions.
PayU, which operates under RBI regulations in India, provides digital payment solutions for over 500,000 businesses. The acquisition follows its broader strategy of investing in fintech companies to enhance its digital financial services ecosystem.
With digital payments rapidly evolving, the PayU-Mindgate partnership is expected to drive innovation in real-time payments, helping banks and businesses meet growing consumer demands.
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