PayU India's payment revenue increased by 12% to $498 million in FY25, aided by deeper penetration with existing merchants and expanding value-added services.
The platform broke even in the second half of FY25, with the EBITDA margin for payments improving by 1 percentage point to -2%.
Overall revenue for PayU surged by 21% in the fiscal year, but the overall EBITDA margin stood at -7%.
PayU India recorded a trading loss despite revenue and margin improvements, with plans to restore profitability.
Recently, PayU received approval from the RBI to operate as a payment aggregator in India.
Founded in 2002, PayU offers digital payment and lending solutions, originally launched as PayU PG in 2011 and demerged from the parent in 2014.