- Loan distribution business scales to 2.9 million total loan disbursals during the month of July 2022 (y-o-y growth of 296% ). This aggregates to a total loan value of Rs 2,090 Cr ($264 million) during the month (y-o-y growth of 512%). Our loan distribution business is annualizing a run-rate of ~Rs 25,000 Cr, and we believe there is ample opportunity for upsell in this business. We are being conservative on the quality of the book (especially given the possibility of macro headwinds)
- Offline payments leadership strengthens with total number of devices deployed exceeding 4.1 million
- Consumer engagement is at its highest on Paytm Super-App with average monthly transacting users (MTU) at 77.6 million for the month July 2022, up 41% y-o-y
- 82% Y-o-Y increase in merchant payment volumes (GMV) for the month at Rs 1.06 Lakh Cr ($13 billion)
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 f25,000 crore in July. The number of loans disbursed through our platform grew 296% y-o-y to 2.9 million loans in the month of July 2022, while the value of loans disbursed grew 512% y-o-y to Rs 2,090 Cr ($264 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 quality of the book (given possibility of macro headwinds).
Consistent growth in total merchant payments volume: The total merchant GMV processed through our platform for the month of July 2022 aggregated to approximately Rs 1.06 Lakh Cr ($13 billion), marking a y-o-y growth of 82%.
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 month of July 2022 at 77.6 million, registering a growth of 41 % Y-o-Y.
New milestone in offline payments leadership: We continue to strengthen our leadership in offline payments, with deployment of 4.1 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.
