PayU acquires majority stake in Mindgate

By Vriti Gothi

PayU, the payments and FinTech arm of Prosus, has increased its stake in Mindgate, an innovator in real-time payments technology, moving from a minority position to a majority shareholder with a 70% holding. The founders of Mindgate will continue to retain a significant 30% minority stake, ensuring leadership continuity and operational independence.

This strengthened investment underscores PayU’s conviction in Mindgate’s long-term vision and technology capabilities, while reinforcing its own strategic ambition to drive the next generation of digital payment innovations. By combining PayU’s extensive FinTech ecosystem with Mindgate’s pioneering real-time payments platform, the partnership aims to enhance customer experiences, accelerate innovation, and expand the global adoption of ‘Made in India’ payments solutions.

While PayU has assumed a majority position, Mindgate will continue to be led by its founders, ensuring stability and continuity for clients, partners, and employees. The deepened partnership will focus on broadening product offerings, advancing technological capabilities, and building greater resilience across India’s rapidly evolving digital payments landscape.

“At PayU, we are driven to deliver exceptional value to our merchant and bank partners. Our additional investment in Mindgate underscores our confidence in its strong performance and the vast growth potential in India’s real-time payments ecosystem. It further strengthens PayU’s role in accelerating the Government of India’s Digital India vision and reinforces our commitment to powering India’s digital payments through PayU’s diversified FinTech platform,” said Anirban Mukherjee, CEO, PayU.

“Mindgate continues to play a crucial role in the growth journey of India’s real-time payments by powering 10 billion+ monthly transactions and providing seamless payment solutions to leading banks. Together with PayU’s diversified FinTech platform, its extensive network, and increased investment, Mindgate will be well-placed to contribute to the vision of global adoption of real-time payments,” said George Sam, Co-founder & Business Head, Mindgate Solutions.