- Loan distribution business scales to 6.0 million loan disbursals during the two months ending August 2022 (y-o-y growth of 246%). This aggregating to a loan disbursements of Rs 4,517 Cr ($568 million, y-o-y growth of 484%)
- Offline payments leadership strengthens with total number of devices deployed exceeding 4.5 million
- Consumer engagement is at its highest on Paytm Super-App with average monthly transacting users (MTU) at 78.8 million for the two months ended August 2022, up 40% y-o-y
- 72% Y-o-Y increase in merchant payment volumes (GMV) for the two months ended August 2022 at Rs 2.10 Lakh Cr ($26 billion)
Our operating business numbers for July and August 2022 are out.
We have achieved continued growth in payments and credit business with 6 million loans disbursed and 4.5 million devices deployed
You can read more about our operating update here
Loan distribution business sees continued scale up: Our loan distribution business, in partnership with top lenders, continues to witness accelerated growth with disbursements through our platform now an annualised run rate of over Rs 29,000 crore in August. The number of loans disbursed through our platform grew 246% y-o-y to 6.0 million loans in the two months ended August 2022, while the value of loans disbursed grew 484% y-o-y to Rs 4,517 Cr ($568 million). We continue to work with our partners to review the evolving macro environment and accordingly slight moderation may be expected in our growth. That said, we continue to see ample growth and upsell opportunities in this business and are focusing on the quality of the book.
Consistent growth in total merchant payments volume: The total merchant GMV processed through our platform for the two months ended August 2022 aggregated to Rs 2.10 Lakh Cr ($26 billion), marking a y-o-y growth of 72%.
Robust growth in Monthly Transacting Users, with consumer engagement at its highest: The Paytm Super App continues to see heightened consumer engagement for the company’s comprehensive payment offerings. We continue to achieve new records in user engagement, with the average monthly transacting users (MTU) for the two months ended August 2022 at 78.8 million, registering a growth of 40% Y-o-Y.
New milestone in offline payments leadership: We continue to strengthen our leadership in offline payments, with deployment of 4.5 million devices at merchant stores across the country. The strong adoption of devices in turn, drives higher payment volumes, subscription revenues as well as merchant loan distribution.