Blog Category: Expert Blogs

Mindgate is honoured to receive joint award with Mashreq Bank for the ‘Best Digital Collections Platform for Corporate Banking’ at the Leaders in Payment Conference. held at The Ritz-Carlton JBR, Dubai on September 12th. The award acknowledges a Financial Institution and/or Technology Vendor for the most effective, efficient, innovative and successful implementation of a corporate banking collections systems.

Unlike traditional payment methods where options were limited, UPI allows users to choose from a wide array of applications, each offering distinct features, user interfaces, and benefits

Mindgate’s tailored solutions integrate seamlessly with banks’ existing systems, enabling customers with advanced payment capabilities. Launched at the Global Fintech Fest 2024 at the Jio World Convention Centre in Mumbai, these use cases include Programmable CBDC (Central Bank Digital Currency), Delegate Payments under UPI Circle, e-Rupi P2P voucher, Contextual Payments, UPI Lite Auto-Topup, UPI-ICD (Interoperable Cash Deposit using UPI).

Payments as a Service (PaaS) is revolutionizing transactions across industries. By offering customizable, scalable, and secure solutions, PaaS enhances efficiency, reduces costs, and improves customer experiences.

As the digital payment landscape continues to evolve, the introduction of UPI 3.0 marks a significant milestone. With its anticipated features and enhancements, UPI 3.0 is set to revolutionize the way transactions are conducted in India. This article explores what to expect from UPI 3.0 and how banks can prepare for its rollout.

Indian digital payment solutions company Mindgate Solutions is moving its real-time payments system, which sits on a traditional relational database system (RDBMS), to an open-source distributed SQL database in partnership with Yugabyte.

Leading payment technology provider Mindgate Solutions brings together industry experts to discuss the way forward for UPI transactions in India and globally Mindgate Solutions Pvt. Ltd., a leading provider of payment technology and transaction processing hosted a panel discussion addressing the pathway to make real-time UPI payments ubiquitous. The event took place in the presence of CXOs and thought leaders from the banking industry to discuss the growth of UPI transactions in India and the road ahead for digital innovation.

Mindgate Solutions (P) Limited, a digital payments solution provider for banks and FinTechs has released UPI Lite and Rupay Credit card modules in its flagship UPI product platform, in accordance with the directives of National Payments Corporation of India (NPCI). Reserve Bank of India (RBI) Governor Shaktikanta Das launched these initiatives at the Global Fintech Fest 2022 in Mumbai on 20th September.

Real-time payments is the new global buzzword for the end customers today. RTP is gaining ground, driven by consumer demand for speed and convenience. With a global footprint, Mindgate Solutions has been at the helm of these exciting developments & currently processes over one billion RTP transactions per month. With the objective of sharing this domain expertise – Mindgate Solutions recently organized a roundtable session at SIBOS 2020. The round table session witnessed over 200 participants from Banks, Asset Management Companies, Non- Banking Finance Companies, Insurance Companies, Risk professionals, Consultants, Audit firms, Business Media, Analysts and Technology solution providers also joined industry experts in the event.

ACI Worldwide, a global provider of real-time electronic payment and banking solutions has made an undisclosed investment in Mumbai based Mindgate Solutions. The digital payments firm is a market leader in processing Unified Payment Interface (UPI) transactions, with almost 70% of all UPI transactions being processed on its platform. Craig Ramsey, Head of Real Time payments, ACI Worldwide, declined to disclose any financial details of the investment, but said that it was a significant stake.