Paytm’s GMV rises 40% to Rs 3.62 lakh crore in March qtr; loan disbursals up 253% to Rs 12,554 crore

In terms of the number of loans, Paytm disbursed 11.9 million loans in Q4FY23, registering a growth of 82 per cent YoY. The company had disbursed 6.5 million loans during the same period a year ago.

At 90 million, Paytm’s average monthly transacting users (MTU) rose 27 per cent YoY in the March quarter, as compared to 71 million MTUs during the same period a year ago.

“Subscription devices like Soundbox and POS machines continue to see increased acceptance by merchants, driving additional payment monetization for us,” Paytm said. It added, “Number of merchants paying subscription for payment devices has reached 6.8 million as of March 2023, an increase of 1.0 million in the quarter.”

Paytm said, “We continue to strengthen our leadership in offline payments, with 6.8 million merchants now paying subscription for payment devices, an increase of 1.0 million in the quarter ended March 2023. With our subscription as a service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing the funnel for our merchant loan distribution.”

Paytm’s stock was trading at Rs 645 on BSE by 11.25 am, up 0.95 per cent.