 "paytm")
Paytm is on the path to profitability and free cash flow as it scales up its lending business, said Vijay Shekhar Sharma, the digital payments firm’s chief executive officer, in a letter to shareholders.
"We are scaling the lending distribution which can bring financial inclusion to hundreds and millions of people in the country. Due to the huge demand for lending in our country, our low penetration and the compounding nature of the lending journey, we are extremely optimistic about the prospects of our lending business," he said.
The value of loans Paytm disbursed in October grew 387 per cent
