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Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

Topics
Paytm | loans | Fintech firms

BS Reporter  |  Mumbai 



Paytm
The company also stated that Paytm Super App is seeing ramp up in user engagement, with the average monthly transacting users (MTU) for the quarter ending June 2022 at 74.8 million, registering a growth of 49% Y-o-Y.

on Monday said that the value of disbursed through its platform grew 779 per cent, or nine-fold, year-on-year (YoY) to Rs 5,554 crore ($703 million) in the quarter ending June 2022 (Q1). Its lending and disbursements, meanwhile, touched an annualised run rate of over Rs 24,000 crore in June.

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First Published: Mon, July 11 2022. 19:05 IST

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