Paytm’s April-June loan disbursement surges ninefold to Rs 5,554 crore



Digital financial services firm Paytm’s loan disbursement surged nearly ninefold to Rs 5,554 crore from 84.78 lakh transactions in the April-June quarter, hitting an annualized run rate of Rs 24,000 crore, the company said in a BSE filing.

The company had disbursed 14.33 lakh loans worth Rs 632 crore during the period a year ago.

“Our lending business (in partnership with top lenders) continues to experience accelerated growth with disbursements through our platform maintaining an annualized execution rate of over Rs 24,000 crore in June. The number of loans disbursed through our platform increased by 492% year-on-year to 8.5 million loans in the quarter ending June 2022, while the value of disbursed loans increased by 779% year-on-year to Rs 5,554 crore,” said declared Paytm.

The company said it is seeing an increase in the average ticket size due to the surge in personal loan business in particular.

“The rapid growth of our lending products provides us with an attractive profit pool,” Paytm noted.

The company’s total merchant payment volume or GMV (gross merchandise value) more than doubled to Rs 2.96 lakh crore from Rs 1.47 lakh crore a year ago.

Paytm’s average monthly transaction users (MTU) for the quarter ending June 2022 increased 49% on a yearly basis from 5 crore to 7.48 crore.

“In June alone, MTU was 75.9 million,” the filing said.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Comments are closed.