PayU and Mindgate roll out UPI NXT Stack to boost real-time payments

Fintech platform PayU has launched UPI NXT Stack, marking its entry into the country’s fast-growing real-time payments space. 

The launch follows PayU’s recent acquisition of a majority stake in Mindgate Solutions, a leading provider of real-time payments technology. Last month, PayU, the payments and fintech arm of Prosus, increased its stake in Mindgate to 70% and became the company’s majority shareholder. 

The UPI NXT Stack includes two new products UPI NXT and TPAP NXT designed to make digital payments faster, more reliable, and easier for…