India, June 23 -- Update | June 23, 04:49 PM: The story's headline has been edited to add the word payments.

Prosus-owned fintech platform PayU's India payment revenue surged 12% to $498 Mn (around INR 4,319 Cr) in the financial year ended March 2025 (FY25), on the back of deeper penetration with existing merchants and expanding value-added services.

As per Prosus' annual report for FY25, the IPO-bound platform's India payment broke even in the second half of FY25. Meanwhile, its payment's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved by 1 percentage point to -2% in the financial year under review.

"While revenue and margins improved, PayU India recorded a trading loss. We aim to restore its p...