PayU

The report said PayU is working with HSBC to structure the deal, which will gauge investor interest and set a valuation benchmark ahead of its planned IPO on Indian stock exchanges, likely in 2026.

Prosus-backed fintech company PayU acquired a 43.5 percent stake in payments infrastructure company Mindgate Solutions for an undisclosed amount.

The Enforcement Directorate (ED) has started an investigation into nine payment gateways, including Razorpay, PayU and Paytm, freezing Rs 500 crore in their virtual accounts, according to the media report.

Mumbai-based BRISKPE, a cross-border payments platform, has secured a $5 million seed funding from digital payments leader PayU. For the startup, this is its first round of institutional funding.

Aakash Moondhra, the global chief financial officer of Prosus-owned PayU, announced his resignation from the payments company on professional networking