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

PayU, the payment and fintech arm of Amsterdam-based investment firm Prosus, has acquired a 43.5% stake in Mumbai-based Mindgate Solutions for an undisclosed sum.

Founders of Mindgate, which offers real-time payment technology and infrastructure, will retain majority ownership of the company, PayU said in a statement.