PayU, the payment gateway owned by South African conglomerate Prosus, is set to file for an initial public offering (IPO) in India, aiming for at least $500 million. The IPO is planned for regulatory approval in February 2024, with listing expected by the end of the same year. PayU, valued between $5 billion and $7 billion in the IPO, has enlisted Goldman Sachs, Morgan Stanley, and Bank of America as advisors. With the Indian digital payment market thriving, PayU’s IPO could be one of the country’s significant fintech listings, capitalizing on the widespread use of digital payment services.