Paytm's merchant base grows to 21.1 million in FY21 from 11.2 mn in FY20

The firm's GMV increased to Rs 4.03 trn as of March 31, 2021, from Rs 2.29 trn as of March 31, 2109

Digital payments and financial services firm Paytm, whose parent company One97 Communications filed a DRHP with the Securities and Exchange Board of India (Sebi), said that its total merchant base had grown to 21.1 million as of March 31, 2021, from 11.2 million as of March 31, 2019.

The firm's GMV, which is the rupee value of total payments made to merchants through its app, Paytm Payment Instruments, or through its payment solutions, over a period, increased to Rs 4.03 trillion as of March 31, 2021, from Rs 2.29 trillion as of March 31, 2109.

GMV excludes any consumer-to-consumer payment