Paytm annualised run rate of loan disbursals touches Rs 34,000 crore in Sep

Digital financial services firm One97 Communications, which operates under the Paytm brand name, on Monday posted around 17% increase in annualised run rate (ARR) of loan disbursals from August at around Rs 34,000 crore in September. It’s ARR of loan disbursals stood at Rs 29,000 crore in August.

“Our loan distribution business (in partnership with top lenders) continues to witness accelerated growth with disbursements through our platform now at an annualised run rate of Rs 34,000 crore in September,” the company said in a regulatory filing.

The total number of loans disbursed by Paytm grew by over three fold to about 9.2 million in the quarter ended September 2022, from 2.8 million a year ago.

The value of loans disbursed through Paytm grew close to six times to Rs 7,313 crore, from Rs 1,257 crore in the September 2021 quarter.

The company’s average monthly transaction user (MTU) for the quarter-ended September 2022 increased 39% to 7.97 crore on a year-on-year basis.

During the September 2022 quarter, the total merchant gross merchandise value (GMV), which is the total payments volume processed by the merchants, grew 63% to an aggregated value of Rs 3.18 lakh crore on a year-on-year basis, according to the filing.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.