PayU India Investor

PayU enables businesses to collect online and offline payments across 150+ payment modes such as Credit Cards, Debit Cards, Net Banking, EMIs, BNPL, QR, UPI, Wallets and more, with a claim of the "highest success rates".

PayU positions itself as building full-stack financial services for India, offering the country's businesses and consumers the financial services and products they need to thrive, spanning payments, credit and affordability tools.

PayU serves 5 lakh+ (500,000+) businesses in India, ranging from startups and freelancers to large enterprises, accepting digital payments through PayU's gateway.

Through its credit arm LazyPay, PayU also serves individual consumers with Buy Now Pay Later and EMI-based lending products.

PayU backs its merchant relationship with round-the-clock customer support alongside its self-service tools.

Merchants can independently integrate PayU's payment gateway via SDKs and APIs and go live quickly, without a lengthy onboarding cycle.

PayU's Startup Program offers early-stage founders personalized one-on-one mentorship alongside payment services, building a relationship beyond a standard vendor transaction.

Merchants integrate PayU's Payment Gateway, mobile app SDKs, Payment Links, Payment Buttons and Web Checkout directly into their own websites and apps to collect payments.

PayU offers "Payments on WhatsApp" as a channel for merchants to collect payments through the messaging platform.

PayU's core activity is operating its own payment gateway platform (PayU PG, launched 2011) to process online and offline transactions on behalf of merchants.

Operating under its NBFC license (acquired 2018), PayU underwrites and disburses consumer credit through its LazyPay BNPL/EMI lending business.

PayU runs card-payment authentication and fraud-prevention operations using its Wibmo technology, acquired in 2019, to secure transactions across its network.

Through its majority-owned Mindgate Solutions, PayU operates real-time payment infrastructure for partner banks and merchants, powering over 10 billion transactions monthly worth more than $1 trillion annually.

PayU holds a Non-Banking Financial Company (NBFC) license, obtained in 2018, the regulatory asset underpinning its lending business (LazyPay BNPL/EMI).

PayU owns Wibmo, a leading online authentication provider for card payments, acquired in 2019 to give PayU in-house authentication and fraud-prevention technology.

PayU's core technology resource is its own payment gateway platform, PayU PG, first launched in 2011 for websites to integrate e-commerce transactions and developed continuously since.

PayU is the payments and fintech business of Prosus, a global consumer internet group; funding and strategic direction flow through Prosus and its investment arm MIH Payments Holdings B.V.

PayU holds a 70% majority stake in Mindgate Solutions, a real-time payments technology company that processes over 10 billion transactions monthly.

PayU's primary revenue source is commission earned on payments processed; this commission rose 16% YoY to INR 3,868.2 Cr in FY25.

Interest income from PayU's credit/lending business (LazyPay) zoomed over 90% YoY to INR 1,042.1 Cr in FY25.

PayU India's cost of services rose 25% YoY to INR 4,239.2 Cr in FY25, driven by payment gateway expenses (up 15% YoY to INR 3,387 Cr) and a 110% YoY surge in finance-business borrowing costs to INR 326.2 Cr.

PayU India's employee-related spending declined 7% YoY to INR 667.6 Cr in FY25 (from INR 632.3 Cr in FY24), as base salary growth was offset by a share-based compensation remeasurement gain.

Reflecting bad-debt costs in its lending business, PayU India's impairment expenses jumped 61% YoY to INR 462 Cr and write-offs surged 81% YoY to INR 350.3 Cr in FY25.

PayU India's total expenses grew 21% YoY to INR 5,846.1 Cr in FY25, up from INR 4,845.2 Cr in FY24, outpacing revenue growth.