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MoneyWorks4Me

One 97 Communications' lending business scales to 8.5 million total loan disbursals in Q1FY23

11 Jul 2022 Evaluate

One 97 Communications' lending business has scaled to 8.5 million total loan disbursals during the quarter ending June 2022 (Q1FY23) (Year-on-Year growth of 492%). This aggregates to a total loan value of Rs 5,554 crore ($703 million) during the quarter (y-o-y growth of 779%). Offline payments leadership strengthens with total number of devices deployed around at 3.8 million. Consumer engagement is at its highest on Paytm Super-App with average monthly transacting users (MTU) at 74.8 million for the quarter ending June 2022, up 49% y-o-y. 101% Y-o-Y increase in merchant payment volumes (GMV) for the quarter ending June 2022 at Rs 2.96 lakh crore ($37 billion).

One 97 Communications (Paytm) is India's leading digital ecosystem for consumers as well as merchants.

Peers
Company Name CMP
One97 Communications 1604.00
AvenuesAI 121.37
Billionbrains Garage 186.65
Moneyview 49.93
Pine Labs 153.75
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