PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum

Business and Finance Business and Finance

Fri, March 21, 2025

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Manappuram Finance shares have more upside in store? Analysts project after Bain Capital deal

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[ Thu, Mar 20th ] - Mint

PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum

^{Published on 2025-03-20 15:01:09 - Mint}

Mindgate provides end-to-end real-time payment infrastructure and expertise for several leading banks in India, processing over 8 billion transactions a month.

PayU, a digital financial services provider, has acquired a 43.5% stake in Mindgate Solutions, a payment technology firm, for an undisclosed amount. This strategic investment aims to enhance PayU's capabilities in the payment processing sector by integrating Mindgate's expertise in payment technology solutions. Mindgate Solutions specializes in providing end-to-end payment solutions, including transaction processing, payment gateway services, and risk management, which will complement PayU's existing offerings. This move is part of PayU's broader strategy to expand its footprint in the fintech space and improve its service offerings to merchants and consumers alike.

Read the Full Mint Article at:
[ https://www.msn.com/en-in/money/economy/payu-buys-43-5-stake-in-payment-technology-firm-mindgate-solutions-for-undisclosed-sum/ar-AA1BjREA ]

N@N

PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum