💨 Abstract

PayU, the payments and fintech business of Prosus, has acquired a strategic stake in Mindgate Solutions, a real-time payments technology pioneer. This partnership aims to expand PayU's presence in India's real-time payments sector, leverage Mindgate's expertise, and drive global digital payment innovations. PayU will acquire a 43.5% stake in Mindgate, with the majority ownership remaining with the founders.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖