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One97 Communications reports 19% rise in Average monthly transacting users in July

04 Aug 2023 Evaluate

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.

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Peers
Company Name CMP
One97 Communications 1687.05
AvenuesAI 123.13
Billionbrains Garage 191.25
Moneyview 52.63
Pine Labs 164.30
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