Fintech company PayU India reported a 20% year-on-year increase in revenue to $397 million for the first six months of the current fiscal year, driven by growth in its payments and credit businesses and a rising contribution from higher-margin value-added services.
The payments vertical, which contributes the bulk of the company’s revenue, grew 20% to $301 million in the six-month period ended September. Offerings such as fraud detection, multi-factor authentication and software-as-a-service (SaaS) solutions now contribute 34% of the company’s…
