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    • Prosus-backed PayU sees 22% surge in revenue on the back of India payments business

      The Netherland-based investor said despite regulatory hurdles in India, it managed to clock strong revenue growth on the back of improved operating leverage and effective cost control.

    • RBI to PayU India: Reapply for payment aggregator licence, simplify corporate structure

      This comes two months after the Reserve Bank of India rejected the application of Paytm Payments Services for licence to operate as a payment aggregator.

    • PayU lays off 6% of its workforce to 'realign teams locally'

      The layoffs at the Naspers-owned company are spread across teams and mainly impact PayU’s India unit and Wimbo, a payment security and mobile payment technology company it acquired in 2019.

    • Former Nykaa CFO Arvind Agarwal joins PayU India

      Agarwal will be joining PayU India as CFO after a two-year stint at Nykaa. Nykaa had informed stock exchanges of his exit in a regulatory filing on November 22.

    • PayU India's revenue grew by 38% in the first half of FY23

      PayU India's growth was aided by increased digitisation in retail through e-commerce, financial services and bill payments, besides travel and hospitality bouncing back, parent company Prosus has said in its earnings presentation

    • PayU India's revenue grew by 48 percent in FY22 led by growth in payment volumes, says Prosus

      The company's credit-line linked card offering LazyCard saw loan disbursals of $586 million till March 31, 2022. The card has come under scrutiny after RBI said that loading of credit lines into prepaid payment instruments like wallets and prepaid cards is prohibited

    • PayU India’s revenue grew by 56% in the first half of FY22, says Prosus

      Prosus said India continues to be a strategic market for the company and also contributed to the growth in its global revenue for its fintech and payments segment. PayU India’s Total payments value grew by 72 percent in the first half of FY22.

    • Shantanu Preetam is PayU India's chief technology officer

      Preetam, who was with Walmart, has more than 23 years of experience in the space.

    • PayU Credit appoints 2 executives to beef up top deck

      Anup Agrawal will head business, Vikas Sekhri will be the chief product officer.

    • PayU India launches deferred payment facility in India

      Digital payments platform PayU India today launched 'LazyPay' that allows a deferred payment option to users who transact digitally for amounts ranging between Rs 500-2,500.

    • PayU India ropes in Airtel former exec to head consumer biz

      In the given role, Singhal will be responsible for designing effective business strategies and bring in growth, PayU India said in a statement.

    • IndusInd Bank, PayU India tie-up for digital banking services

      Commenting on the development Sumant Kathpalia, Head - Consumer Banking IndusInd Bank said, "With digital banking and payments gradually becoming the heart of customer relationships."

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