PayU has posted a 12% increase in India revenue to $498 million (about Rs 4,300 crore) in fiscal 2025, according to Prosus, the Dutch-listed arm of South African technology investor Naspers.
PayU is the fintech subsidiary of Prosus.
It also said India payments business reached breakeven during H2 FY25 and improved its Ebit margin by 1 percentage point to -2% for FY25.
Total payment volume (TPV) increased by 14% driven by strong growth in financial services, government segments, airlines and food delivery, Prosus said in its annual report.
"India Payments witnessed steady progress in profitability despite competitive intensity and a higher unified payments interface (UPI) mix resulting in lower take rates," the report stated.
PayU is the fintech subsidiary of Prosus.
It also said India payments business reached breakeven during H2 FY25 and improved its Ebit margin by 1 percentage point to -2% for FY25.
Total payment volume (TPV) increased by 14% driven by strong growth in financial services, government segments, airlines and food delivery, Prosus said in its annual report.
"India Payments witnessed steady progress in profitability despite competitive intensity and a higher unified payments interface (UPI) mix resulting in lower take rates," the report stated.
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