The Mobile Wallet acquires Trupay to integrate its UPI, QR code platforms

The Mobile Wallet Pvt. Ltd, a digital wallet and pre-paid cards company, has acquired Kae Capital-backed Trupay to integrate the latter’s UPI (Unified Payments Interface) and quick response (QR) code-based payments stack with its platform, the two companies said. The financial terms of the deal were not disclosed. Delhi-based Trupay, founded in April 2015, offers a plug-and-play payments platform for businesses. The acquisition will allow The Mobile Wallet, which operates under the brand tmw, to enable its merchant base to collect payments using UPI and Bharat QR.