💥 PayU takes a 43.5% bite

What we’ll cover today:

💥 PayU takes a 43.5% bite of UPI giant Mindgate

🧠 Bankwell hires former Venmo product chief as CTO

🗣️ What fintech insiders are saying about 2025’s hottest money moves

📅 The upcoming fintech events you actually want to attend

Bankwell Bank gets a new tech captain! 🧢💻

Bankwell Bank, a regional bank based in Connecticut, has appointed Brian Merritt as its new Chief Technology Officer (CTO).

🚨 Breaking News: Brian Merritt, ex-CTO at MX and ex-Product Head at Venmo, is now steering Bankwell’s digital transformation journey.

⚡ Wire Simplified –

• Bankwell is a $3 billion-asset bank focused on retail and commercial banking.

• Brian Merritt previously worked at big names like Venmo, PayPal, and MX.

• He’ll lead Bankwell’s digital efforts, including customer experience and backend tech.

• He brings deep fintech experience to modernize Bankwell’s systems.

• The bank wants to become more tech-savvy and customer-friendly.

✔️ Straight to the Point –
Bankwell’s hiring of Merritt is a big move towards digital banking—think fewer lines at the bank and better apps soon.

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PayU buys a big slice of Mindgate Solutions 🍰💸

PayU, a major global payment provider, has acquired a 43.5% stake in Mindgate Solutions, an Indian company powering digital payments and UPI systems.

🚨 Breaking News: PayU just made a bold move into Indian fintech by grabbing a large chunk of Mindgate, UPI’s tech behind-the-scenes helper.

⚡ Wire Simplified –

• Mindgate powers real-time payments and handles UPI transactions in India.

• It serves over 70% of UPI transactions in the country.

• PayU is owned by Prosus and already operates across 50+ markets.

• The deal boosts PayU’s position in India’s booming digital payments space.

• This is a comeback for PayU in India after pulling back in 2023.

✔️ Straight to the Point –
PayU is back in the Indian fintech game with a bang, betting big on UPI and Mindgate’s payment rails.

Future of FinTech 2025
Hosted by CB Insights, this event showcases the latest trends, startups, and technologies transforming the FinTech landscape globally.
Date: June 16–18, 2025 | Location: New York, NY, USA

Book your seat here