- Average monthly transacting users (MTU) stood at 9.2 crore for the month of April 2023, up 25% y-o-y, reflecting continued expansion of our customer base.
- Our leadership in payment monetization continues, as subscription services for payment devices like Soundbox and POS machines continue to see increased acceptance by merchants. Number of merchants paying subscription for payment devices has reached 71 lakh as of April 2023, an increase of 3 lakh devices in the month
- Merchant Payment Volumes (GMV) for the month of April 2023 stood at Rs 1.27 Lakh Cr ($15.6 billion), y-o-y growth of 34%
- Our loan distribution business (in partnership with our lender partners) continues to gain scale with disbursements of Rs 4,115 Cr ($503 million, y-o-y growth of 148%) and 41 lakh loans (y-o-y growth of 56%) disbursed in the month of April 2023 through the Paytm platform
We have achieved sustained growth in our core payments and loan distribution business, with our device deployment increasing to 71 lakh. We are continuously growing in payments and loan distribution business with leadership in loan disbursements of Rs 4,115 Cr ($503 million) in the month of April 2023 through the Paytm platform.
You can also access our exchange filing here: https://www.bseindia.com/xml-data/corpfiling/AttachLive/135d3602-9bad-4617-ac1e-7824006d04df.pdf
Our Paytm Super App continues to see growing consumer engagement with the average Monthly Transacting Users (MTUs) for the month of April 2023 at 9.2 crore, registering a growth of 25% y-o-y.
We continue to strengthen our leadership in offline payments, with 71 lakh merchants now paying subscriptions for payment devices, an increase of 3 lakh in the month of April 2023. With our subscription-as-a-service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing the funnel for our merchant loan distribution.
The total merchant GMV processed through our platform in April was Rs 1.27 Lakh Cr ($15.6 billion), marking y-o-y growth of 34%. Our focus over the past few quarters continues to be on payment volumes that generate profitability for us, either through net payments margin or from direct upsell potential.
Our loan distribution business (in partnership with top lenders) continues to witness accelerated growth with total disbursements through our platform for the month at Rs 4,115 Cr ($503 million, y-o-y growth of 148%).
We have partnered with large NBFCs and Banks and we continue to focus on quality of loans distributed through our platform. We currently have 7 lending partners and we aim to onboard 3-4 partners in FY 2024.