Mumbai, July 27 (Agency) India and the Middle East are at the forefront of the digital payment’s revolution. Our event today has provided invaluable insights and perspectives that will drive the next phase of growth and innovation in real-time payments. At Mindgate Solutions, we are committed to pushing the boundaries of technology to support the evolving needs of our clients and to ensure seamless and secure digital transactions, said George Sam, Co-Founder and Business Head at Mindgate Solutions. He was speaking at Mindgate Solution’s second edition of its premiere annual event, MindsKonnect, yesterday.
Nalin Bansal, Chief of Fintech, Corporate & New Initiatives, National Payments Corporation of India, from NPCI, said, “In addition to the banking sector, the surge in interest from non-banking sectors in UPI, both in consumer and merchant aggregation, has been remarkable. We now have over 70 applications and 42 third-party integrations, demonstrating the depth of market engagement. With a market encompassing 300 million merchants and a growing international presence, including traction in the UAE, Singapore, and Europe, our goal is to drive both domestic and global growth, leveraging UPI to meet the evolving demands of a dynamic market, he added.
In addition to the key leaders from the banking segment, the renowned fitness icon Milind Soman also joined the event as a distinguished guest and a motivational speaker. Mindgate Solutions continues to lead in digital transformation by facilitating $1 trillion in transactions annually and processing 1 out of every 5 real-time payments worldwide. Mindgate also supports around 7 billion digital transactions each month and approximately 50% of UPI transactions, which are seamlessly and securely routed through Mindgate partner banks.