In the recently announced FY2025 results by Prosus, PayU, a digital financial services provider, has delivered strong revenue growth and improved operating margins. The company’s overall revenues, which include revenues from its payments and credit businesses, grew by 24%, reaching $669 million.
PayU India’s Payments business reached breakeven during H2 FY25 and saw revenue growth of 12% to $498 million, driven by deeper penetration with existing merchants and growing value-added services such as affordability. Total payment volume (TPV) increased by 14% on the back of strong growth in financial services, government segments, airlines, and food delivery, among others.
The credit business also witnessed significant growth, with new loan issuances amounting to $1.1 billion, while the loan book expanded from $468 million in FY24 to $558 million as of March 2025. Small and Medium Business (SMB) lending emerged as a major contributor, accounting for 23% of total loan issuances. The credit business recorded 60% revenue growth year-on-year, establishing PayU India as a leading player in facilitating accessible credit.
The company also added 13,000 new merchants in FY25, following its authorization by the Reserve Bank of India to operate as a payment aggregator.
