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Paytm loan disbursals up almost six times in April-May

Paytm’s lending business clocked 5.5 million loan disbursals in April-May

June 15, 2022 / 10:39 AM IST

One97 Communications, which runs the digital payments brand Paytm, on June 15 reported that the platform's lending business witnessed an annualised run-rate of Rs 23,000 crore for loan disbursements while device deployment crossed the 34 lakh mark in May.

The fintech giant clocked 5.5 million loan disbursals in April-May 2022, a year-on-year growth of 471% or almost six times. It has disbursed loans amounting to Rs 3,576 crore in the first two months of Q1FY23.

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"We are also seeing increases in average ticket size due to the scale-up of the personal loans business in particular," it said in an exchange filing.

GMV (gross merchandise value) -- merchant payments processed through Paytm Wallet, Paytm Payments bank account, net banking, credit and debit cards, UPI, etc -- during May rose 105% year-on-year to Rs 1.96 lakh crore.

One97 Communications on May 20 reported a loss of Rs 762.5 crore for the March quarter of the financial year 2021-22. The company had posted a loss of Rs 444.4 crore in the corresponding quarter of the previous fiscal.


Revenues from operations were up 89 percent coming in at Rs 1,541 crore.

For FY22, the company posted a loss of Rs 2,396 crore against Rs 1,701 crore in the previous fiscal. Revenues from operations stood at Rs 4,974 crore, up 77%.

Tags: #PayTm
first published: Jun 15, 2022 09:19 am
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