Integrated 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.

Naspers 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

Company secretary
L Bagwandeen
Suite 15, Third Floor
Oxford & Glenhove
116 Oxford Road
Houghton Estate
Johannesburg 2196
South Africa

Registered office
40 Heerengracht
Cape Town 8001
South Africa
PO Box 2271
Cape Town 8000
South Africa
Tel: +27 (0)21 406 2121
Fax: +27 (0)21 406 3753

Registration number
Incorporated in the Republic of South Africa
JSE share code: NPN ISIN: ZAE000015889

Independent auditor
PricewaterhouseCoopers Inc.

Transfer secretaries
JSE Investor Services Proprietary Limited
(Registration number: 2000/007239/07)
One Exchange Square
2 Gwen Lane
Sandown, Sandton 2196
PO Box 4844
Johannesburg 2000, South Africa
Tel: +27 (0)86 140 0110/+27 (0)11 713 0800

ADR programme
Bank of New York Mellon maintains a
GlobalBuyDIRECTSM plan for Naspers Limited
For additional information, please visit
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:
Bank of New York Mellon, Shareholder Relations
Department – GlobalBuyDIRECTSM
Church Street Station
PO Box 11258
New York
NY 10286-1258

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

Webber Wentzel (in alliance with Linklaters)
PO Box 61771
Marshalltown 2107
South Africa

Werksmans Inc.
PO Box 1474
Cape Town 8000
South Africa

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