PayU

The move adds to WhatsApp’s payments push in India, where it already offers bill payments.

PayU said this approval further strengthens its position as a full-stack digital payments provider for businesses in the Indian market.

PayU also plans to invest an additional US$5 million to US$10 million to drive synergies with its other business verticals.

Founded in 2002, PayU serves over 500,000 merchants in India and has added 13,000 new merchants recently.

PayU has expanded its value-added services and acquired a 43% stake in Mindgate, which supports UPI processing for banks.

A restructuring plan and capital infusion from the fintech firm’s founder may help seal the deal, but one key backer is out. We have the scoop.

Prosus had initially planned to list PayU by 2025 but is now concentrating on improving the business.

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

Israeli fintech company Rapyd has completed the acquisition of European fintech PayU from Dutch investment firm Prosus.

The top IPO candidates in 2025 include GCash in the Philippines, OffBusiness in India, and Enflame Technology in China.