New Delhi, March 20 -- 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.

"We will enhance payment infrastructure to support seamless financial transactions, delivering exceptional value to banks, merchants, and consumers worldwide. This investment also aligns with our commitment to strengthening the Indian fintech ecosystem by backing promising founders and helping them build world-class platforms," Anirban Mukherjee, chief executive officer of PayU, said.

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