PayU, the fintech arm of Prosus, has acquired a 43.5% stake in Mumbai-based Mindgate Solutions, while the company’s founders retain majority ownership.

Mindgate specializes in real-time payments technology and supports India’s Unified Payments Interface (UPI), processing over 8 billion transactions monthly for banks.

This investment strengthens PayU’s presence in India’s digital payments sector and supports global expansion by leveraging Mindgate’s expertise.

With UPI transactions projected to reach 100 billion monthly by 2030, the partnership aims to develop scalable payment infrastructure benefiting banks, merchants, and consumers.

Mindgate operates across Middle East and North Africa (MENA), ASEAN, Europe, and the US.

By combining its expertise with PayU’s global network, both companies seek to drive innovation in real-time digital payments.

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