India, March 20 -- Prosus-backed payment solutions major PayU today said it has acquired a 43.5% stake in payments infrastructure startup Mindgate Solutions to expand its presence in the real-time payments space in India.

However, as per the deal, Mindgate's majority ownership will remain with its founders, including Guhan Muthuswamy and George Sam, PayU said in a statement.

With this acquisition, PayU seeks to leverage Mindgate's payment solutions for banks, government institutions, merchants and corporates to sharpen its focus on real-time payments.

PayU CEO Anirban Mukherjee said that the investment aligns with the company's goal to scale up Indian payment technologies globally.

".Mindgate's expertise in real-time payments compleme...