Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3

Riding on strong festival season activity, Paytm’s gross merchandise value (GMV) saw a 129 per cent jump in October-November to Rs 1.7 trillion ($22.4 billion).

The financial technology (fintech) major, which got listed on the bourses last month, said on Monday that the number of loans disbursed through its platform increased 414 per cent year-on-year (YoY) to 2.7 million in the first two months of the current quarter (third quarter, or Q3).

The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter.

“We have seen growth