Mindgate

Exclusive: PayU acquiring UPI infra company for about $100 million

Exclusive: PayU acquiring UPI infra company for about $100 million

20 Mar 2025, 23:59 PM

The acquisition signals PayU's strategic move to gain a competitive edge in the rapidly expanding UPI market.

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

20 Mar 2025, 22:04 PM

As a part of this deal, PayU will acquire a 43.5% stake in Mindgate, while the majority ownership will remain with the company's founders.

Fintech Hightlights

  1. Paytm's First Games receives Rs 5,712 crore GST notice

  2. PB Fintech invests Rs 539.4 crore in healthcare unit

  3. MobiKwik sets up wholly-owned unit to operate as an NBFC

  4. Pine Labs promotes CEO Amrish Rau to MD and chairman ahead of IPO

  5. SME lender Finodaya Capital raises $2.5 million led by White Venture Capital
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

  3. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?