PayU India has achieved a financial turnaround and is on track for full profitability by FY27, says group CFO

PayU India is signalling a major shift in its financial trajectory, reporting a 20 percent year-on-year (YoY) revenue jump and achieving EBITDA breakeven in the first half of FY26. In this Q&A, Arvind Agarwal, Group CFO, breaks down the four key levers driving this turnaround, including a strategic pivot to an asset-light credit model and the integration of high-margin software-as-a-service (SaaS) offerings.

He also discusses the impact of the Mindgate acquisition on their UPI capabilities and the company’s roadmap to becoming a universal payments company following recent Reserve Bank of India (RBI) approvals.