Paytm posts 150% y-o-y growth in loan disbursals at 6.8 million during Oct-Nov

12 Dec 2022 , 11:29 AM

Paytm’s loan distribution business expands to 6.8 million loans disbursed during the two months ended November 2022 (a 150% y-o-y increase), totalling loan disbursements of Rs 6,292 crore ($774 million, a 374% year-on-year increase).

With over 5.5 million merchants paying subscriptions for payment devices, Paytm stated that MasterCard maintains its lead in offline payments.

Consumer engagement is at an all-time high on the Paytm Super App, with 84 million average monthly transacting users (MTU) for the two months ending November 2022, up 33% year on year.

Company’s Merchant payment volumes (GMV) for the two months ended November 2022 were Rs 2.28 lakh crore ($28 billion), representing a 37% y-o-y rise.

Given the low current penetration, the company forecasts a significant growth runway, while it continues to work with partners to focus on its book quality.

The strong adoption of devices drives higher payment volumes and subscription revenues with its subscription as a service model, while also increasing the funnel for its merchant loan distribution, stated Paytm in its media release.

Following this development, Paytm was trading at Rs539.50 down by 1.01% from its previous closing of Rs545 on the BSE. The scrip opened at Rs544 and touched intraday high and low of Rs554.70 and Rs535.35 respectively.

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