Paytm Sets New Lending Record and Builds Payments Leadership


Lending activity reaches 1.9 million loan disbursements in the month, a year-on-year growth of 331%; aggregating to a total value of INR 921 Cr (334% YoY growth)

The leadership of offline payments is further strengthened; the number of devices deployed stands at 2.3 million

Highest-ever growth in average monthly transactional users (MTU) to 68.9 million, up 40% year-over-year

Over 105% YoY increase in GMV, which is merchant payments processed through all instruments (Paytm wallet, Paytm Payments bank account, other online banks, credit and debit cards, UPI, etc.), at INR 83,481 ($11.2 billion)

One97 Communications Limited (OCL), owner of the Paytm brand, India’s leading digital payments and financial services company, today shared its business updates for January 2022. The company has seen accelerated growth in its lending business, while further strengthening its leadership in the offline payments segment, which has driven the highest ever growth in monthly transacting users and continued growth in its GMV.

The Paytm spokesperson said, “Paytm is seeing broad growth on our platform as we continue to see increased adoption of our lending products, Paytm Postpaid (BNPL), Merchant Loans and Personal Loans. We are also continuously growing our offline payments business, with more devices deployed across the country. Our efforts are reflected in the trust our consumers and merchants place in us, as we see record user engagement on the platform.

The loan of witnesses has accelerated the adoption: The number of loans disbursed through our platform increased by 331% YoY to reach 1.9 million loans in January 2022, while the value of loans disbursed was Rs 921 Cr, an increase of 334% YoY . The business saw increased adoption of our lending products, despite some temporary impact from Omicron over a short period of time on merchant loan disbursement volumes.

105% year-on-year GMV growth: The GMV processed through our platform during January 22 totaled approximately INR 83,481 Cr ($11.2 billion).

Records the highest level of user engagement: The average number of monthly transactional users (MTU) in January 2022 was 68.9 million, a 40% year-over-year growth.

1. Average MTU for a quarter is the average MTU for each month in the quarter

Over 2.3 million devices deployed across the country at the end of January 2022, a measure of our leadership in offline payments.

The table below summarizes the main operating parameters as outlined above.

For the end of the quarter

For the month of

December 20

March 21st

Jun-21

Sep 21

December 21

December 21

yoy

growth

Jan-21

Jan-22

yoy

growth

GMV

INR ‘000 Cr

112

127

147

196

250

123%

41

83

105%

Average MTU

million

47.1

50.4

50.4

57.4

64.4

37%

49.3

68.9

40%

Number of loans disbursed via Paytm

million

0.9

1.4

1.4

2.8

4.4

401%

0.4

1.9

331%

Value of loans disbursed through Paytm

RNI Cr

468

687

632

1,257

2,181

366%

212

921

334%

Total number of devices deployed (cumulative, end of period)

million

0.6

0.8

0.9

1.3

2.0

n / A

0.7

2.3

n / A

Remarks:

  1. Exchange rate used $1 = INR 74.5

  2. GMV is defined as the value of the total payments made to merchants through transactions on our app, through Paytm payment instruments or through our payment solutions, over a period of time. It excludes all consumer-to-consumer payment services such as money transfers

  3. MTU: User transacting monthly or unique users with at least one successful transaction in a given calendar month

  4. Total loans disbursed by partner financial institutions through our platform includes both consumer and merchant loans, and excludes the number and value of loans obtained by third parties through advertising on our platform. shape and aggregation of EMI on our point-of-sale devices.

About Pay™:

Paytm is India’s leading digital payments and financial services company, focused on bringing consumers and merchants to its platform by offering them a variety of payment use cases and then selling them products higher-margin financial services. Paytm offers a) consumer and merchant payments, b) financial services, including loans, and c) other merchant services (Commerce and Cloud).

The Company provides consumers with services such as utility payments and money transfers, while enabling them to pay through Paytm Payment Instruments (PPIs) such as Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm FASTag and Paytm Postpaid – Buy Now, Pay Later. For merchants, Paytm offers acquiring devices such as Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks’ financial instruments. To further enhance merchant business, Paytm offers commerce services to merchants through advertising and the Paytm Mini app store. Operating on this leverage of the platform, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.

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