One97 Communications has reported 19% (Year-on- Year) rise in Average monthly transacting users (MTU) to 9.3 crore for the month of July 2023, reflecting continued expansion of its customer base. Its merchant subscriptions stood at 82 lakh, with 41 lakh new subscriptions over the year. Sequentially, the company saw merchant subscriptions increase by about 4 lakh in July 2023. Payment volumes for merchants or Gross Merchandise Values (GMV) rose 39 per cent on-year at Rs 1.47 lakh crore.
Paytm is India's leading digital ecosystem for consumers as well as merchants.
