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Paytm GMV For Jan, Feb 2023 Grows 41% YoY

The company reported strengthening of its offline payments with 6.4 million devices deployed; disbursements of Rs 4,158 crore (USD 503 million) in the month of February 2023 through Paytm platform

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Paytm’s on Monday announced that its Merchant Payment Volumes (GMV) for quarter to date (for January and February 2023) stood at Rs 2.34 Lakh Cr (USD 28.3 billion), year-on-year (YoY) growth of 41 per cent.

The company reported strengthening of its offline payments with 6.4 million devices deployed; disbursements of Rs 4,158 crore (USD 503 million) in the month of February 2023 through Paytm platform.

“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,” Paytm said.

In February, Paytm continued scale in its loan distribution business with disbursements of Rs 4,158 crore USD 503 million, YoY growth of 254 per cent) and 4 million loans (YoY growth of 86 per cent) disbursed in the month of February 2023.

“Our loan distribution business (in partnership with top lenders) continues to witness an accelerated growth with total disbursements through our platform for the quarter to date (for Jan & Feb) growing 286 per cent YoY to Rs 8,086 crore (USD 979 million),” Paytm said in a press note.


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