Paytm's Loan Disbursements Grow By 253% And Average Monthly Transacting Users Were 90 Mn For Q4 FY 2023

Paytm has witnessed a jump in average monthly transacting users (MTU) at 90 million for the quarter ended 31 March 2023, a growth of 27% year-on-year was reported by its parent, One 97 Communications as per the Economic Times news report. The details of Paytm's operating performance update for Q4 FY 2023 was shared by the company through the stock exchange filing.

The Paytm filing showed that, its loan distribution business witnessed a 253% jump in an accelerated growth with total disbursements through our platform for the March quarter growing 253% y-o-y to Rs 12,554 Cr ($1,528 million) while loan disbursements of Rs 4,468 Cr ($544 million) happened in the month of March 2023 and also claimed an expansion in Paytm's user base.

Merchant payment volumes (GMV) for three months ended March 31, 2023, stood at Rs 3.62 lakh crore, up 40% YoY.

"Subscription devices like Soundbox and POS machines continue to see increased acceptance by merchants, driving additional payment monetization for us. Number of merchants paying subscription for payment devices has reached 6.8 million as of March 2023, an increase of 1.0 million in the quarter," the filing said.

Growing consumer engagement on the Paytm Super App with the average MTU for the quarter (for three months ended March) at 90 million, registered a growth of 27% y-o-y.

"We continue to strengthen our leadership in offline payments, with 6.8 million merchants now paying subscriptions for payment devices, an increase of 1.0 million in the quarter ended March 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 filing said further.