One97 Communications (Paytm) has reported 17% growth in annualized run rate of loan disbursals at Rs 34,000 crore in September as compared to Rs 29000 crore in August. The company has reported growth in total merchant gross merchandise value (GMV) by 63% to an aggregated value of Rs 3.18 lakh crore on a year-on-year basis.
During September quarter, total number of loans disbursed by the company increased by around 224% to about 92 lakh, from 28.41 lakh a year ago period. The value of loans disbursed through Paytm surged around 482% to Rs 7,313 crore, from Rs 1,257 crore in the September 2021 quarter. Moreover, the company’s average monthly transaction user (MTU) for the Q2FY22, rose 39% to 7.97 crore on a year-on-year basis.
Paytm is India's leading digital ecosystem for consumers as well as merchants.
