Update | June 23, 04:49 PM: The story’s headline has been edited to add the word payments.

Prosus-owned fintech platform PayU’s India payment revenue surged 12% to $498 Mn (around INR 4,319 Cr) in the financial year ended March 2025 (FY25), on the back of deeper penetration with existing merchants and expanding value-added services.

As per Prosus’ annual report for FY25, the IPO-bound platform’s India payment broke even in the second half of FY25. Meanwhile, its payment’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved by 1 percentage point to -2% in the financial year under review.

“While revenue and margins improved, PayU India recorded a trading loss. We aim to restore its profitability,” the report added.

While PayU’s overall revenue surged 21% in the fiscal under review, its overall EBITDA margin stood at -7%.

Notably, the company recently got approval from the Reserve Bank of India (RBI)to operate as a payment aggregator (PA).

Founded in 2002 by Nitin Gupta, Shailaz Nag, Jose Velez, Martin Schrimpff, Arjan Bakker, and Grzegorz Brochocki, PayU offers digital payments and lending solutions. In 2011, ibibo launched PayU PG for websites to integrate ecommerce transactions with online payments, but the entity was demerged from the parent to form PayU India in 2014, with Gupta and Nag as its cofounders.

(The story will be updated soon.)

The post PayU India’s Payment Revenue Grows 12% To $498 Mn In FY25 appeared first on Inc42 Media.