Paytm Disburses Loans Worth INR 7,300 Cr In Q2 FY23

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Paytm Disburses Loans Worth INR 7,300 Cr

Paytm – the listed fintech startup has now disbursed over 24.2 million loans in 2022 so far, worth over INR 16,420 Cr. According to Paytm, the annualized run rate of loan disbursements is INR 34,000 Cr. Paytm’s GMV, i.e. its merchant payment volumes, rose 63% YoY for the quarter ending September 2022 to reach INR 3.18 Lakh Cr

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In the quarter ending September 2021, the fintech giant had disbursed 2.84 million loans worth INR 1,257 Cr. The publicly traded fintech startup has disbursed more than 24.2 million loans in 2022 so far, worth more than INR 16,420 Cr.

Paytm claims to have been growing rapidly in its credit business since January 2022, in addition to a slight drop in the months of June and July 2022.

However, the company has not independently disclosed its September number in such filings. But estimates, only almost 3.1 million loans were disbursed in the month remaining flat month on month, while the value of loans improved significantly & stood at INR 4796 Cr.

Paytm operational metric continue to grow

In other reported metrics, Paytm announced that its average monthly transactional user MTU was 79.7 Mn in the quarter ending Septembers 2022, posting a 39% YoY growth.

This is also a significant improvement from the previous quarter, when Paytm posted an average MTU between April and June 2022 at 75 Mn.

Paytm also reported that it has deployed 4.8 million devices so far across the country, as of September 10, 2022, including sound box and point of sale POS devices. Year over year, the big fintech has deployed an additional 3.5 million devices, it said in the document.

Paytm GMV, i.e. its merchant payment volumes, increased by 63% YoY for the quarter ending September 2022 to reach INR 3.18 Lakh Cr.

Despite showing consistent quarter over quarter growth, Pay tm share price remains a matter of concern among investor. However, there has been a slight uptick in the top fintech share price.

Even the big global financial advisory firms, JP Morgan & Goldman Sachs, reiterated their bullish outlook on One97 Communications, calling the company’s growth story compelling and a model shift from the search for profitability.

Paytm has also launched on the ONDC e commerce networks for user based in Bangalore, giving it a pioneering advantage in the growing interoperability e-commerce segments.

Paytm was also among the top three gainers in the UPI ecosystems, posting a steady 5% monthly growths, with transaction of 103.72 Cr worth INR 1.2 Lakh Cr. 22 also increased by almost 90%, the loss also widened by 70% at INR 645.4 Cr.

parent One97 Communications holding opened in the green today Oct 10, 2022, despite overall market sentiment being bearish. It opened at INR 706.5 and quickly rose to INR 719.60 its highest real-time value until history was written.

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