{"id":1247367,"date":"2023-07-10T06:19:10","date_gmt":"2023-07-10T00:49:10","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1247367"},"modified":"2023-07-10T06:19:46","modified_gmt":"2023-07-10T00:49:46","slug":"paytm-disbursed-rs-164-crore-of-loans-per-day-in-last-90-days-total-1-28-crore-loans-reported-in-june-quarter","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/paytm-disbursed-rs-164-crore-of-loans-per-day-in-last-90-days-total-1-28-crore-loans-reported-in-june-quarter\/","title":{"rendered":"Paytm Disbursed Rs 164 Crore Of Loans Per Day In Last 90 Days: Total 1.28 Crore Loans Reported In June Quarter"},"content":{"rendered":"\n<p>Paytm has witnessed remarkable growth in its credit business during the June quarter, with a staggering 167 percent year-on-year increase.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Untitled-design-11-1280x720-1-1024x576.jpeg\" alt=\"Paytm Disbursed Rs 164 Crore Of Loans Per Day In Last 90 Days: Total 1.28 Crore Loans Reported In June Quarter\" class=\"wp-image-1247372\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Untitled-design-11-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Untitled-design-11-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Untitled-design-11-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/07\/Untitled-design-11-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The company disbursed loans amounting to Rs 14,845 crore and facilitated a total of 1.28 crore <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/paytms-loan-disbursements-jump-167-in-june-quarter-10907081.html\">loans<\/a> on its payments platform, marking a 51 percent rise.\u00a0<\/p>\n\n\n\n<p><strong>Paytm Records Massive Growth in Credit Business in June Quarter<\/strong><\/p>\n\n\n\n<p>The user base for Paytm&#8217;s monthly transactions has grown to 9.2 crore, reflecting a 23 percent year-on-year growth compared to the same period last year when it had 7.5 crore users.&nbsp;<\/p>\n\n\n\n<p>The number of payment devices deployed on the platform has almost doubled, reaching 79 lakhs, up from 38 lakh devices in the previous fiscal year.<\/p>\n\n\n\n<p>These devices include point-of-sale devices and soundboxes used for scan-and-pay transactions. Paytm generates monthly rent from both types of devices.&nbsp;<\/p>\n\n\n\n<p>During the June quarter, the company added 11 lakh new devices. In terms of Unified Payments Interface (UPI) transactions, Paytm maintains its position as the third-largest player, with over 9 billion monthly transactions and close to Rs 15 crore in transaction value.<\/p>\n\n\n\n<p>Paytm&#8217;s market share on the UPI platform currently stands at around 13 percent. Its main competitors are PhonePe and Google Pay. This quarter, PhonePe also entered the merchant lending business.<\/p>\n\n\n\n<p><strong>GMV Value in June Quarter Quarter Recorded at Rs. 4.05 Crore<\/strong><\/p>\n\n\n\n<p>While Paytm also operates a wallet business, the transaction value and volume for that segment are not publicly available. However, the gross merchandise value (GMV) for merchant payments in the June quarter amounted to Rs 4.05 lakh crore, indicating a year-on-year growth of 37 percent.<\/p>\n\n\n\n<p>As per Paytm, \u201cWith 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.\u201d<\/p>\n\n\n\n<p>The company currently has seven financial partnerships for loan distribution and plans to onboard three to four more players during the fiscal year. Recently, Paytm announced a loan distribution partnership with Shriram Finance.<\/p>\n\n\n\n<p>In the previous quarter, Paytm reported a 52 percent increase in revenue, reaching Rs 2,335 crore, and reduced its losses to Rs 168 crore from Rs 763 crore in the corresponding period of the previous year.<\/p>\n\n\n\n<p>Despite experiencing a 60 percent growth in share price since the beginning of the year, Paytm&#8217;s stock still trades at a discount of over 60 percent compared to its IPO price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paytm has witnessed remarkable growth in its credit business during the June quarter, with a staggering 167 percent year-on-year increase.&nbsp; The company disbursed loans amounting to Rs 14,845 crore and facilitated a total of 1.28 crore loans on its payments platform, marking a 51 percent rise.\u00a0 Paytm Records Massive Growth in Credit Business in June [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":1247372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[204,765],"class_list":["post-1247367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-loans","tag-paytm"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paytm Disbursed Rs 164 Crore Of Loans Per Day In Last 90 Days: Total 1.28 Crore Loans Reported In June Quarter - Trak.in - Indian Business of Tech, Mobile &amp; 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