Paytm continues with its strong growth — disburses 6.8 million loans in October and November, now has over 5.5 million devices

Paytm, India’s leading digital payments and financial services company and the pioneer of mobile and QR payments in India, today shared an exchange filing about its operating metrics for October and November 2022. The company’s annualised run rate for its loan distribution business is now ₹39,000 crore ($4.8 billion). In the two months, Paytm has distributed 6.8 million loans (y-o-y growth of 150%), aggregating to loan disbursements of ₹6,292 Cr ($774 million, y-o-y growth of 374%).

The company’s leadership in offline payments strengthens with merchants paying subscriptions for payment devices exceeding 5.5 million. Paytm Super App’s usage has also hit another high as the company said its average monthly transacting users (MTU) is at 84 million for the two months ended November 2022, up 33% y-o-y .With this strengthening ecosystem, Paytm’s merchant payment volumes (GMV) for the two months ended November 2022 was ₹2.28 Lakh Cr ($28 billion), y-o-y growth of 37%.