In September, Paytm’s annualised run rate for loan disbursal reaches Rs 34,000 crore

• ByStartupStory     |    October 10, 2022

One97 Communications, a provider of digital financial services that goes by the Paytm brand, reported on Monday that the annualised run rate (ARR) of loan disbursals increased by almost 17% from August to about Rs 34,000 crore in September. Its August ARR for loan disbursals was Rs 29,000 crore.

In a regulatory filing, the company stated that “our loan distribution business (in conjunction with leading lenders) continues to record accelerated growth with disbursements through our platform already at an annualised run rate of Rs 34,000 crore in September.”

In the quarter that ended in September 2022, Paytm disbursed a total of 9.2 million loans, up from 2.8 million in the prior year, a growth of more than three times.From Rs 1,257 crore in the third quarter of September 2021, the value of loans disbursed through Paytm increased nearly six times to Rs 7,313 crore.

The company’s average monthly transaction user (MTU) climbed 39% year over year to 7.97 crore for the quarter that ended in September 2022.According to the report, the total merchant gross merchandise value (GMV), which is the total amount of payments processed by the merchants, increased 63% to an overall value of Rs 3.18 lakh crore during the September 2022 quarter.

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