Paytm loan disbursal surges 327% to Rs 3,928 cr in January, merchant payment value grows 44%

Paytm loan disbursal surges 327% to Rs 3,928 cr in January, merchant payment value grows 44%

The company's monthly transaction users went up to 89 million in January, up by 29 per cent, while the number of merchants paying subscription for payments devices went up to 6.1 million.

FPJ Web DeskUpdated: Wednesday, February 08, 2023, 11:38 AM IST
article-image
Paytm loan disbursal surges 327% to Rs 3,928 cr in January, merchant payment value grows 44% | Image: Wikipedia (Representative)

Paytm announced on Tuesday that its loan disbursements through its distribution business in partnership with marquee lenders have grown to Rs 3,928 crore, up by 327 per cent year-on-year. While the number of loans disbursed has grown by 103 per cent to 3,865,000 from its earlier level of 1,905,000.

The company's monthly transaction users went up to 89 million in January, up by 29 per cent, while the number of merchants paying subscriptions for payments devices went up to 6.1 million.

The Merchant payment value for the last month was at Rs 1.2 lakh crore, up by 44 per cent in comparison to the last year.

The company also added that the Paytm Super App continues to grow with monthly transacting users at 89 million in January, with a 29 percent year-on-year growth.

“Our focus over the past few quarters continues to be on payment volumes that generate profitability for us, either through net payments margin or from direct upsell potential,” the company said in an exchange filing.

RECENT STORIES

Mainboard IPOs Made A Strong Comeback In May, Signal Renewed Strength In Indian Markets

Mainboard IPOs Made A Strong Comeback In May, Signal Renewed Strength In Indian Markets

CCI Probe Indicts Ultratech In ONGC Tender Cartelisation Case

CCI Probe Indicts Ultratech In ONGC Tender Cartelisation Case

RBI Withdraws ₹1 Lakh Crore Via 7-Day VRRR Auction To Curb Surplus Banking Liquidity Levels

RBI Withdraws ₹1 Lakh Crore Via 7-Day VRRR Auction To Curb Surplus Banking Liquidity Levels

BSE Schedules Mock Trading For Equity Segment, Members Invited To Test Systems On July 5

BSE Schedules Mock Trading For Equity Segment, Members Invited To Test Systems On July 5

IRB InvIT Fund Unitholders Approve Acquisition Of 100% Equity Share Capital Of Three Special Purpose...

IRB InvIT Fund Unitholders Approve Acquisition Of 100% Equity Share Capital Of Three Special Purpose...