In a strategic move to deepen its footprint in the digital payments space, fintech company PayU, a subsidiary of Prosus, has acquired a 43.5 per cent stake in Mindgate Solutions, a provider of real-time payment technology. The partnership is expected to significantly enhance PayU’s capabilities in India’s fast-evolving payments landscape, while enabling Mindgate to accelerate its global reach. Mindgate’s founding team will retain majority ownership.
The announcement comes as India’s Unified Payments Interface (UPI) continues to break records, with the National Payments Corporation of India (NPCI) targeting 100 billion transactions per month by 2030. Mindgate, a core player in UPI’s backend infrastructure, already processes over 8 billion transactions monthly and provides digital payment solutions to major banks across India, the Middle East, Southeast Asia, and Europe.
“This investment aligns with our long-term strategy to scale Indian payment technology for global markets,” said Anirban Mukherjee, CEO of PayU. “Mindgate’s deep expertise in real-time payments will support our mission to build more robust digital transaction ecosystems for banks, merchants, and consumers worldwide.”
George Sam, Co-founder of Mindgate, welcomed the development, noting that the collaboration will accelerate Mindgate’s growth beyond Indian borders and help build more secure, scalable solutions for financial institutions around the world.
The deal reflects growing global interest in Indian fintech innovation, with companies like PayU leveraging local expertise to expand digital financial services on a global scale.
