Paytm loan disbursal: Paytm has registered a growth of 478 percent in its loan disbursal in the financial year 2021-22. The company disbursed a total amount of Rs 7,623 crore through more than 15,200 loans, an increase of 441 per cent year-on-year in value terms. The company gave this information on Wednesday, 6 April. Paytm’s stock has lost nearly 60 per cent since its listing in November 2021.
In the fourth quarter of FY22, the company disbursed more than 65 lakh loans, registering a growth of 374 per cent, which is 374 per cent higher than the last quarter’s 44 lakh. The value of these loans was Rs 3,553 crore.
111% increase in GMV
The Gross Merchandise Value (GMV) for the company’s merchant payments business registered a growth of 111 per cent during the financial year, rising from Rs 4 lakh crore to Rs 8.52 lakh crore. In this business, the company has to compete with BharatPe. For the fourth quarter, the company recorded a GMV of Rs 2.59 lakh crore, marginally higher than Rs 2.50 crore in the previous quarter.
Most Monthly Users on Super App
The fintech company also said that its Super App is seeing the highest number of Monthly Transacting Users (MTU). The company’s app works as a platform to make payments, buy mutual funds, tickets, insurance etc. During the quarter, MTUs grew by 41 per cent to 710 lakhs as against 640 lakhs in the previous quarter.
The company is installing 1,000 POS machines daily
The company also installs Point of Sales (POS) as well as soundbox machines to help its merchants receive and report payments. In the quarter, Paytm has installed 29 lakh devices.
The company said, “In just 3 years, we have installed 2.9 million devices in stores and are currently installing 1,000 devices daily. Given the increasing engagement with our device merchants, we expect an increase in the number of merchants eligible for the loan.”