6 Sept 2022 , 12:47 PM
Company’s Loan distribution business expands to 6.0 million loan disbursals in the two months ended August 2022 (a 246% year-on-year increase), totaling Rs4,517 crore ($568 million), registering a 484% y-o-y growth.
Its Consumer engagement is at an all-time high on the Paytm Super-App, with an average monthly transacting user (MTU) of 78.8 million for the two months ending August 2022, a 40% increase y-o-y.
Paytm’s Merchant payment volumes (GMV) increased 72% y-o-y for the two months ending August 2022, reaching Rs2.10 Lakh crore ($26 billion).
"We continue to work with our partners to assess the changing macroenvironment, and as a result, some deceleration in our growth is to be expected. Having said that, Paytm continues to see plenty of growth and upsell prospects in this sector and is concentrating on the book's quality," stated company in a corporate filing.
The total number of devices deployed in the offline payments market now exceeds 4.5 million. Strong device adoption delivers better payment volumes, subscription revenues, and merchant loan distribution with Paytm's subscription as a service model.
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