Paytm has maintained a strong growth momentum in the first two months of the third quarter. Highlights include, 2.7 million loan disbursals (414% year-on-year) through its platform, up to Rs. 13.2 billion ($178 million) of loan disbursement value (375% year-on-year), 0.3 million merchant devices (1.1 million year-on-year), and 129% year-on-year growth in GMV and MTU 36% year-on-year growth
One97 Communications Limited, the parent company that owns and operates the brand Paytm, reported an aggregated Gross Merchandise Value (GMV). One97 Communications says GMV is up 129% in the first two months of the third quarter to the month of December 2021, said the company, a part of its latest disclosures with stock exchanges.
The growth momentum in GMV continued in the first two months of the quarter on the back of a strong performance during the festive season, which continues after the festive season. GMV processed through our platform for the first two months of the quarter to approximately INR 1,666 billion ($22.4 billion), an increase of 129% YoY from INR 728 billion GMV in the first two months of Q3 FY 2021.
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