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Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

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The company also stated that Paytm Super App is seeing ramp up in user engagement, with the average monthly transacting users (MTU) for the quarter ending June 2022 at 74.8 million, registering a growth of 49% Y-o-Y.

BS Reporter Mumbai

2 min read Last Updated : Jul 12 2022 | 1:20 AM IST

Paytm on Monday said that the value of loans disbursed through its platform grew 779 per cent, or nine-fold, year-on-year (YoY) to Rs 5,554 crore ($703 million) in the quarter ending June 2022 (Q1). Its lending and disbursements, meanwhile, touched an annualised run rate of over Rs 24,000 crore in June.

The number of loans disbursed grew 492 per cent YoY to 8.5 million loans in the quarter ending June 2022 from 1.4 million in the year-ago period.

The company also stated that the Paytm Super App was seeing ramp up in user engagement, with the average monthly transacting users (MTU) for

Topics : Lending Rate Paytm loans Fintech firms digital payment wallet payment security mechanism Paytm Money Paytm revenue Paytm invests digital lending

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