PayU India H1 FY26 revenue up 20% to $397 million
25 Nov 2025, 01:22 PMThe payments business grew 20% to $301 million during the period, fuelled by a 55% jump in payment transactions led by UPI.
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PayU India reported a 20% jump in revenue from operations to $397 million in the six months ended September 30, 2025 from $331 million in the same period last year.
PayU India's adjusted EBITDA losses for India narrowed, improving from a $19-million loss last year to just $1 million in the six months ended September, according to the Prosus annual report.
The payments business grew 20% to $301 million during the period, fuelled by a 55% jump in payment transactions led by UPI (unified payments interface). Value-added services in fraud risk, authentication, and security now account for 34% of PayU's payment business.
The credit business recorded 17% growth to $96 million, driven by $640 million in new loan issuances.
"In credit, PayU continued to pivot to a lower-risk embedded lending model. This shift has given PayU access to small, offline merchants – a segment with large, underserved credit demand and being digitised fast on the back of UPI," the company noted.
Earlier this month, PayU India said that it has received approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) across online, offline and cross-border transactions.
Notably, the approval came as the Prosus-owned company is inching closer to acquiring a point-of-sale (PoS) player, The Head and Tale reported last month. The acquisition will finally add an offline piece to PayU India that is critical for the company as it prepares for its initial public offering (IPO).
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