Paytm loan disbursal jumps 9-fold
Digital financial services firm Paytm's loan disbursement jumped nearly nine-fold to Rs 5,554 crore through 84.78 lakh transactions in the April-June quarter, reaching an annualised run rate of Rs 24,000 crore, the company said in a BSE filing.
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New Delhi: Digital financial services firm Paytm's loan disbursement jumped nearly nine-fold to Rs 5,554 crore through 84.78 lakh transactions in the April-June quarter, reaching an annualised run rate of Rs 24,000 crore, the company said in a BSE filing.
The company had disbursed 14.33 lakh loans worth Rs 632 crore in the year-ago period.
"Our lending business (in partnership with top lenders) continues to witness accelerated growth with disbursements through our platform now an annualised run rate of over Rs 24,000 crore in June.
The number of loans disbursed through our platform grew 492 per cent y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779 per cent y-o-y to Rs 5,554 crore," Paytm said.
