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flag PayU India became profitable in early 2026, driven by strong growth in payments and credit, with rising UPI volumes and strategic investments.

flag PayU India, part of Dutch firm Prosus, turned profitable in the first half of fiscal year 2026, reporting $3 million in adjusted EBITDA and $397 million in revenue, up 20% year-on-year, driven by growth in payments and credit businesses. flag Higher-margin services like fraud detection and multi-factor authentication now make up 34% of payments revenue. flag Payment volumes surged 55%, fueled by small-value UPI transactions, while the credit arm saw assets under management grow to $204 million. flag Prosus highlighted strategic investments in Rapido and ixigo, and emphasized integrating PayU into a broader India ecosystem with companies like Meesho and Swiggy. flag The company secured RBI approval to operate as a payment aggregator and increased its stake in UPI processor Mindgate to 70.7%.

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