Annual report 2023


India forecast to be the fastest-growing economy in 2023.

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Population 1.4 billion

Unemployment rate 7.8%

GDP 7%

Inflation 6.8%


Fintech market US$5tn to US$6tn

BNPL (buy-now/pay-later) 35% >US$80bn

Retail digital transactions 28% CAGR

Smartphone penetration 81%

* Estimated.

Prosus offers

PayU: Secure, tech-based banking services nationwide – convenience, personalisation, transparency, accessibility and ease of use.

PayU aim: Holistic financial services provider for India. Vision: Market-leading digital financial ecosystem in India with a strong value proposition to merchants, consumers and banks.

PayU connects consumers, merchants and banks:

  • Merchants

    Integrated payments platform for merchants across categories

    Processed >two billion transactions in FY22

  • Consumers

    Digital banking and credit for the Indian mass market

    In India, we have built an ecosystem around merchants with the PayU payments solution, around consumers with LazyPay and PaySense, and around banks with Wibmo

  • Banks

    Offering payment infrastructure for financial institutions

    Partnership with ⁓ 200 banks in India and expanding internationally

PayU first to launch BNPL product with LazyPay.

Compliant with new regulations: Customer protection and conduct, disclosure of key fact statement, customer education, product structuring, disclosures and processes.

Administration and corporate information

Prosus N.V.
Incorporated in the Netherlands
(Registration number: 34099856)
(Prosus or the group)
Euronext Amsterdam and
JSE share code: PRX
ISIN: NL 0013654783

JP Bekker (chair), B van Dijk (chief executive), S Dubey, HJ du Toit, CL Enenstein, M Girotra, RCC Jafta, AGZ Kemna, FLN Letele, D Meyer, R Oliveira de Lima, SJZ Pacak, V Sgourdos, MR Sorour, JDT Stofberg, Y Xu

Company secretary
L Bagwandeen
Gustav Mahlerplein 5
Symphony Offices
1082 MS Amsterdam
The Netherlands

Registered office
Gustav Mahlerplein 5
Symphony Offices
1082 MS Amsterdam
The Netherlands
Tel: +31 20 299 9777

Independent auditor
PricewaterhouseCoopers Accountants N.V.
Thomas R. Malthusstraat 5
1066 JR Amsterdam
The Netherlands

Euronext listing agent
ING Bank N.V.
Bijlmerplein 888
1102 MG Amsterdam
The Netherlands

Euronext paying agent
Corporate broking and issuer services
HQ 7212
Gustav Mahlerlaan 10
1082 PP Amsterdam
The Netherlands

JSE transfer secretary
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Bierman Avenue
Johannesburg 2196
South Africa
Tel: +27 (0) 86 110 0933

Cross-border settlement agent
Citibank, N.A. South Africa Branch
145 West Street
Johannesburg 2196
South Africa

JSE sponsor
Investec Bank Limited
(Registration number: 1969/004763/06)
PO Box 785700
Sandton 2146
South Africa
Tel: +24 (0) 11 286 7326
Fax: +27 (0)11 286 9986

ADR programme
The Bank of New York Mellon maintains a GlobalBuyDIRECTSM plan for Prosus N.V. For additional information, please visit The Bank of New York Mellon’s website at or call Shareholder Relations at 1-888-BNY-ADRS or 1-800-345-1612 or write to: The Bank of New York Mellon, Shareholder Relations Department – GlobalBuyDIRECTSM Church Street Station, PO Box 11258 New York, NY 10286-1258

Allen & Overy LLP
Apollolaan 15
1077 AB Amsterdam
The Netherlands

Investor relations
Eoin Ryan
Tel: +1 347-210-4305