Paytm strong growth continues — disburses 5.5 million loans in April and May, GMV at ₹1.96 lakh crore

Paytm strong growth continues — disburses 5.5 million loans in April and May, GMV at ₹1.96 lakh crore

Mumbai, June 2022: Paytm, India’s leading digital payments and financial services company, has just shared its monthly business operating performance update for the months of April and May, 2022. The company’s lending business is at an annualised run rate of over ₹23,000 crores, while GMV for April and May is at ₹1.96 lakh crore, up by 105%.

Paytm has disbursed 5.5 million loans during the two months ending May, 2022, which is a year-on-year growth of 471%, at a loan value of Rs 3,576 Cr ($476 million), a y-o-y growth of 829%. Its leadership in offline payments continues with the number of devices deployed crossing 3.4 million. It registered a 48% increase in average monthly transacting users (MTU) at 74.3 million.

Paytm closed the previous financial year on a strong note, registering an 89% year-on-year jump in revenue growth in Q4FY22 at Rs 1,541 crore, while the contribution profit grew 210% year-on-year to Rs 539 crore. For the entire FY22, the company’s revenue from operations grew 77% year-on-year at Rs 4,974 crore, while contribution profit increased 313% year-on-year to Rs 1,498 crore.

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