One 97 Communications (Paytm) has continued scale in its loan distribution business with disbursements of Rs 4,158 crore ($503 million, y-o-y growth of 254%) and 4.0 million loans (y-o-y growth of 86%) disbursed in the month of February 2023.
Its subscription devices like Soundbox and POS machines continue to see increased acceptance by merchants, driving additional payment monetization for the company. Number of merchants paying subscription for payment devices has reached 6.4 million as of February 2023, an increase of 0.3 million in the month.
Paytm is India's leading digital ecosystem for consumers as well as merchants.
