Results · Financial Services

Cashfree Payments nears Rs 1,000 crore revenue

What they do

Cashfree Payments is a payment gateway and fintech platform for businesses

It reported FY26 revenue near Rs 1,000 crore and achieved EBITDA profitability in March 2026

Cross-border business grew eightfold in GTV and tenfold in net revenue year-over-year

Cashfree Payments reported FY26 revenue near Rs 1,000 crore.
The company achieved EBITDA profitability in March 2026.
Its GTV (gross transaction value) grew 78% year-over-year in the March quarter.
The active merchant base grew 50% year-over-year in FY26 across enterprise and SMB segments.
SMB segment GTV more than doubled in FY26.
Cross-border GTV saw an eightfold increase from March 2025 to March 2026.
Cross-border net revenue grew tenfold from March 2025 to March 2026.

The company targets full-year EBITDA profitability in FY27.
Cross-border is expected to contribute ~25% of total revenue in coming years.
FY27 priorities include expanding cross-border and investing in identity verification and AI-driven payments.
Cashfree plans to raise fresh funding for payment innovation and international expansion.

Cashfree Payments provides a payment gateway, subscriptions, payment links, payment forms, and instant settlements.
It offers an international payment gateway, fraud prevention (RiskShield), identity verification (SecureID), and mule account detection (Mule Sentinel).
It also provides agentic payments (Cashfree Here), agentic operations (Cashfree Relay), payouts, and Cashgram.
Industry solutions include E-Commerce & D2C, BFSI, Education & EdTech, SMB & Startups, and Enterprise.
Checkout360 enables one-click checkout for Shopify D2C brands, lifts conversion, flips COD to prepaid, and flags RTO risk.
It accepts payments from 170+ markets in 140+ currencies, settled in INR.
Foreign businesses can collect from Indian customers in UPI, RuPay, cards with 80%+ success rates, settle overseas in 100+ currencies at 0% FX, no Indian entity needed.

Target full-year EBITDA profitability in FY27.
Expand cross-border operations.
Invest in identity verification and AI-driven payments infrastructure.
Raise fresh funding for payment innovation, international expansion, and cross-border growth.

Product: Digital payment solutions including payment gateway, cross-border payments, payout solutions, and banking APIs.
Customers: Businesses and merchants, including enterprise and SMB customers.
How it makes money: Charges fees on payment processing and related financial infrastructure services.
What sets it apart: Offers a broad payments stack plus cross-border capabilities across many countries.
Operations: Processes payments at scale for merchants across India and international markets.