Paytm Loan Disbursements Witness 357% Growth YoY In Q3 FY23

As a result, total disbursements for three months ended December 2022 was Rs 9,958 crore

As a result, total disbursements for three months ended December 2022 was Rs 9,958 crore.

Paytm on Monday said that it continued to see an accelerated growth with disbursements through its platform at Rs 3,665 crore in the month of December, growing 330 per cent year-on-year (YoY).

As a result, total disbursements for three months ended December 2022 was Rs 9,958 crore, a growth of 357 per cent YoY, the company said.

The number of loans grew 117 per cent YoY to 3.7 million for the month of December, and 137 per cent YoY to 10.5 million cumulative loans for the three months ended December 2022.

Meanwhile, Paytm’s total merchant GMV processed through its platform for the quarter ended December 2022 aggregated to Rs 3.46 Lakh crore (USD 42 billion), marking a YoY growth of 38 per cent.

Paytm in its BSE filing said that its Super App continued to see growing consumer engagement with the average MTU for the quarter ended December 2022 at 85 million, registering a growth of 32 per cent YoY.

The payments company also revealed that its offline presence strengthened in the Q3. “Number of merchants paying subscription for payment devices has reached 5.8 million as of December 2022, an addition of 1 million devices in the quarter ended December 2022,” the company said in its filing.