 "Paytm")
One97 Communications said that Paytm’s lending business has recorded an annualized run-rate of Rs 20,000 crore of disbursement through its platform, and its device deployment crossed the 3 million mark.
The company in a regulatory filing updated it business performance for the month of April and said that its starting the fiscal on a strong base. Its lending business saw a total disbursal of 2.6 million loans during the month (y-o-y growth of 449%). This aggregates to a total loan value of Rs 1,657 crore ($221 million) during the quarter (y-o-y growth of 749%).
Offline payments business accelerated as total number of
