Mumbai, Nov. 5 -- Revenue from operations during the period under review increased by 24% YoY to Rs 2,061 crore. The revenue growth was driven by continued growth momentum in subscription merchants, payments GMV and distribution of financial services.

In Q2 FY 2026, the Payment Services revenue (including other operating revenue) was up 25% YoY to Rs 1,223 crore. Net payment revenue rose by 28% YoY at Rs 594 crore due to improved payment processing margin, high quality device additions and early onset of festive season.

The company saw its Gross Merchandise Value (GMV) surge by 27% year-on-year to Rs.5.67 lakh crore. This significant growth was fueled by better processing margins, largely due to the increased use of credit cards on UPI ...