ACI: Makes Strategic Investment in Mindgate Solutions

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ACI: Makes Strategic Investment in Mindgate Solutions

ACI Worldwide: Has made a strategic investment in Mumbai-based paytech, Mindgate Solutions

  • Mindgate, India’s market leader in processing transactions for UPI managed by NPCI
  • ACI’s universal payments software to combine with Mindgate’s digital overlay services, to create a joint real-time payments solution
  • The combination will empower banks, merchants and intermediaries to fully capitalise on UPI’s extraordinary growth
  • UPI enables account holders at participating banks in India to make and receive P2P and C2B payments from their phone with a single identifier
  • 70% of UPI transactions currently routed through Mindgate-customer banks
  • UPI expected to account for more than 50% of the country’s digital payment transactions by 2023