Archive · 18 Sep 2025
PayU Increases Stake in Mindgate, Driving Digital Payments
PayU, a company that handles digital payments, is investing more in Mindgate, another company that helps with these payments.
PayU is now the biggest shareholder in Mindgate.
This means the two companies will work more closely together to make digital payments easier and faster.
They hope to make it easier for people to pay using their phones in India and other countries, like those in the Asia Pacific and Middle East.
They plan to modernize payment systems and make them more available.
PayU increased its stake in Mindgate, now holding 70% of the company.
Mindgate processes over 10 billion monthly transactions.
The partnership aims to drive digital payment innovation.
Mindgate has a significant presence in India's UPI infrastructure.
Expansion plans include the Asia Pacific and MENA regions.
- Who
- PayU and Mindgate Solutions
- What
- PayU increased its stake in Mindgate, transitioning to a majority shareholder.
- When
- Announced September 18, 2024
- Where
- India, with expansion plans in the Asia Pacific and MENA regions
- Why
- To accelerate growth of real-time solutions and digital payments
- PayU Investment
- Increased stake in Mindgate to 70%
- Mindgate Founders' Holding
- 30%
- Mindgate's Role
- Processes over 10B monthly transactions
- Transaction Value
- $1 trillion annually
- Mindgate's Headquarters
- Mumbai, India