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Mindgate Solutions: Leading the Way in UPI with Robust Infrastructure Readiness for Banks & Merchants At GFF, Mindgate showcased how it consistently stays a step ahead to ensure its partners are the first movers in the industry Mumbai, September 10, 2024 – The recently concluded Global Fintech Fest (GFF) 2024 highlighted the transformative journey of India’s fintech industry and influence of India's fintech solutions in the global market, especially the Unified Payments Interface (UPI), which became one of the global benchmarks of digital payments. Graced by Honourable Prime Minister Narendra Modi and RBI Governor Shakhtikanta Das, the three-day event witnessed several power-packed panel discussions where industry experts shared their thoughts on a variety of topics. Leveraging the event, Mindgate Solutions, a leader in payments technology and transaction processing, demonstrated the robust readiness of its UPI, CBDC and Merchant platform as well as showcased a series of innovative use cases launched by NPCI. The groundbreaking products & solutions highlighted Mindgate's commitment to revolutionizing the landscape and solidifying its position as a leader in the Digital Payment industry. Developed in close collaboration with leading banks, Mindgate’s tailored solutions integrate seamlessly with them, enabling customers with advanced payment capabilities. 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, and UPI-ICD (Interoperable Cash Deposit using UPI). Appreciating the opportunity provided by NPCI, George Sam, Co-Founder & Business Head of Mindgate Solutions, stated, "We are thrilled to serve as a TSP, contributing to NPCI's broader mission of making digital payments accessible to every Indian. Each feature launched at GFF is a significant step toward creating a more inclusive and convenient financial ecosystem. This is a golden age for financial inclusion where UPI is evolving into the central nervous system of our financial ecosystem. We deeply appreciate the opportunity to be able to support banks in rolling out these unique features, further empowering users across the country.” Adding further and elaborating on the technology infrastructure behind these use cases, Guhan Muthuswamy, Co-founder & Software Architect at Mindgate Solutions said, “India's Digital Public Infrastructure is fuelling an explosion of financial innovation. Considering these developments, our platform’s scalability and high transaction capacity aligns perfectly with the forward-thinking approach taken by the leading banks we work with, making us a preferred partner for this groundbreaking venture. In addition to the new used cases showcase at GFF, Mindgate demonstrated its platform's capabilities and scalability with its Merchant Payment Platform & XPRESS UPI —an intuitive, one-step payment solution that simplifies transactions without requiring app switching. Customers can now make UPI transactions directly within the merchant’s app, eliminating the need for any additional apps. This will help merchants and TPAPs to provide superior customer experience and help increase customer retention. Mindgate’s Merchant Offerings play a critical role in addressing changing market dynamics and meeting demanding customer expectations. With India handling half of the world’s digital payment transactions, the payment landscape is always buzzing with new technologies and fresh market players. Mindgate is right at the heart of this dynamic scene, processing around 50% of UPI transactions and partnering with India’s top banks. About Mindgate Solutions: Mindgate Solutions, a global leader in the payment industry since 2008, is headquartered in Mumbai, India, with regional centers in Middle East, Southeast Asia and UK. Renowned for innovation, Mindgate specializes in developing cutting-edge payment platforms for Banks, Government bodies, Merchants, and Corporates. Leveraging advanced technologies like microservices architecture and real-time streaming platforms, Mindgate ensures scalability, reliability, and security in its products. With a team of over 1,400 payment professionals and a portfolio of 60+ global marquee customers, Mindgate is a pivotal digital payment enabler. Mindgate Solutions is at the forefront of the digital payments industry, dedicated to driving the global expansion of digital payments through innovative and scalable solutions. With a robust infrastructure, Mindgate processes over 7 billion digital payment transactions monthly, handling approximately 50% of all UPI transactions in India.