Results · Financial Services

PayU India posts $781 Mn revenue in FY26

By Startup Enthusiast · 29 June 2026

What they do

PayU India is the digital payments and lending arm of Prosus, founded in 2002

It reported FY26 revenue of $781 Mn (up 12.5%) and an adjusted EBITDA of $18 Mn

The credit business turned profitable with a $6 Mn EBITDA, reversing a $28 Mn loss in FY25

PayU India released its FY26 financial results through the Prosus annual report.
Revenue for FY26 was $781 Mn (about ₹7,384 Cr), up 12.5% from $694 Mn in FY25.
Adjusted EBITDA for FY26 was $18 Mn; in the second half of FY26 it was $19 Mn, compared to a -$6 Mn loss in H2 FY25.
The adjusted EBITDA margin for FY26 was 2%, and 5% in H2 FY26.
PayU exited negative margin portfolios in H2 FY26, which reduced revenue growth but improved profitability.
The payments vertical revenue was $577 Mn, up 10% from $523 Mn in FY25.
The payments vertical adjusted EBITDA was $12 Mn, with a margin of 2%.
The credit business revenue was $204 Mn, up 19% from $171 Mn in FY25, and its adjusted EBITDA turned to a $6 Mn profit from a -$28 Mn loss in FY25.

PayU India accounts for about 25% of India's online payments industry revenues.
The credit arm's assets under management stood at $682 Mn.
Prosus acquired additional stakes in Swiggy and Rapido in FY26, and PayU payments and lending are integrated with Swiggy, Meesho, and ixigo.
PayU had postponed its IPO in July 2025 to focus on growth and profitability, and had given a 6-12 month timeline for listing.

PayU India is the digital payments and lending arm of Prosus, founded in 2002.
It operates two verticals: payments (earning commission on processing) and digital lending (offering unsecured personal loans, SMB loans via NBFC PayU Finance, and the LazyPay BNPL platform).
Value-added services (VAS) and SaaS revenue contributed 33% of payments revenue.
PayU India accounts for about 25% of India's online payments industry revenues.
The credit arm's assets under management are $682 Mn.
Overall financial services costs increased in FY26 driven by increased credit issuance.

PayU is eyeing public markets and had postponed its IPO in July 2025 to focus on growth and profitability, with a 6-12 month timeline for listing.
The credit vertical breakeven target of September 2025 was achieved as per the annual report.
Prosus is ramping up AI capabilities, including launching life assistants (e.g. Swiggy Crew), offering AI agents to partner businesses, and building large commerce models using transaction data.

Product: Payments platform providing payment processing, checkout solutions, fraud management, and merchant services including UPI, cards, and wallets
Customers: Merchants and e-commerce businesses ranging from SMBs to enterprise seeking payment infrastructure and services
How it makes money: Payment processing with transaction fees, subscription services for merchant tools, and technology licensing
What sets it apart: Pan-India merchant network, AI-powered fraud protection, accessibility-first checkout, and integration with emerging channels like ChatGPT