Bengaluru, India — October 9, 2025:
PayU, India’s leading diversified fintech platform, today announced the launch of its UPI NXT Stack, marking its strategic foray into India’s rapidly expanding Unified Payments Interface (UPI) ecosystem. This milestone follows PayU’s recent acquisition of a majority stake in Mindgate Solutions, and reflects its commitment to driving the next generation of digital payment innovations built in India for the world.
The PayU UPI NXT platform, along with TPAP NXT, is designed to deliver speed, reliability, and customization for merchants across industries, reinforcing PayU’s vision of building scalable, Made-in-India digital payment infrastructure for global adoption.
Leadership Insights
Anirban Mukherjee, CEO, PayU, said:
“UPI isn’t just a payment method, it’s a growth engine for businesses. By combining NPCI’s real-time payments infrastructure with Mindgate’s enterprise-grade technology, we’ve built our UPI NXT Stack — a platform that will power the future of digital commerce in India by unlocking speed, choice, and scale for banks, merchants, and consumers.”
George Sam, Co-founder & Business Head, Mindgate Solutions, added:
“The launch of UPI NXT and TPAP NXT showcases the innovation potential of our partnership with PayU. We are excited to see these solutions set new benchmarks in reliability and performance for India’s real-time digital payments landscape.”
Guhan Muthuswamy, Co-founder & Software Architect, Mindgate Solutions, further noted:
“This marks our first joint launch with PayU to deliver scalable, secure, and future-ready payment infrastructure. Together, we are enabling banks and enterprises to meet the evolving demands of India’s fast-moving digital economy.”
UPI NXT: Addressing India’s Digital Payment Pain Points
The UPI NXT platform is engineered to eliminate common challenges such as transaction failures during high-traffic periods, delayed refunds, and integration complexities. Key highlights include:
Dedicated Acquiring Switch capable of handling 10,000+ TPS (transactions per second)
99.87% success rate for transaction reliability
Zero-redirection payments and instant refunds with 99.99% success rate
Fastest payment confirmations for a frictionless customer experience
Streamlined merchant onboarding and simplified API integration
TPAP NXT: Flexible, Customizable UPI Solutions for Businesses
TPAP NXT enables organizations to integrate full-scale UPI capabilities with three flexible approaches to suit their business models. It includes:
Custom Virtual Payment Address (VPA) creation
P2P transfers and merchant payments
UPI Autopay and One-Time Mandates for recurring transactions
Customizable APIs, certified SDKs, and hybrid SDKs for seamless integration
As part of PayU’s TPAP suite, businesses also gain access to:
Multiple payment options: cards, net banking, EMI, BNPL, and digital wallets
Loyalty and Offer Engine for acquisition and retention strategies
Intelligent recommendation engine optimizing payment selection by category, limit, and availability
Strategic Collaboration with NPCI
PayU has also announced strategic partnerships with NPCI to introduce two path-breaking innovations:
1. UPI Reserve Pay
A revolutionary Single-Block Multi-Debit feature that enhances digital transactions across sectors such as quick commerce, EV charging, cab booking, and metro top-ups.
This feature allows users to block a predetermined amount (e.g., ₹1,000) on a merchant platform and enable automatic debits for subsequent purchases — ensuring smooth, uninterrupted payments.
2. UPI AutoPay Interoperability
This feature enables users to set up mandates on one fintech app and manage them seamlessly on another, addressing major interoperability gaps in the ecosystem.
It allows Payment Aggregators (PAs) to dynamically route mandates and recurring payments across different acquirers, optimizing success rates while offering merchants flexibility and customers convenience.
About PayU
PayU is India’s leading diversified fintech platform backed by Prosus, operating under the regulatory oversight of the Reserve Bank of India (RBI). The company provides payment gateway solutions and advanced digital financial services to merchants, banks, and consumers.
Empowering 450,000+ businesses, including India’s top enterprises, e-commerce giants, and SMBs, PayU enables digital payments through 100+ online payment methods — including credit/debit cards, net banking, EMIs, UPI, pay-later, and wallets.
PayU is also a key player in India’s affordability ecosystem, providing wide issuer coverage and seamless integrations across card-based and cardless EMI options. Its technology-first approach ensures industry-leading success rates and smooth checkout experiences for merchants and consumers alike.
Adapted from a NewsVoir Press Release. Additional formatting and visuals by TechMitra.in.