PayU India, a prominent player in the payments and credit sector, recorded a revenue of $237 million from its payments business in the first half of FY25, showing a 12% YoY increase.
The growth was fueled by a 25% rise in total payments in value, with contributions from financial services, government, and e-commerce sectors.
The removal of regulatory restrictions in April 2024 allowed PayU to onboard over 4,000 merchants, boosting its business momentum.
Despite challenges in take rates, the payments segment demonstrated signs of recovery, with adjusted EBIT margins improving to -5%.
The company is adapting to changes in payment mix and leveraging recent regulatory changes to strengthen its market position.