Paytm says loan disbursal jumps 4-fold in December 2022

NEW DELHI: Paytm, India’s digital payments and financial services company, saw a four-fold jump in loan disbursals in December 2022, and the average monthly transacting number of users soared.

According to a regulatory filing, One97 Communications Ltd, which operates Paytm, disbursed 3.7 million loans worth Rs 3,665 crore in December, up 330 per cent year-on-year.

“As a result, total disbursements for three months ended December 2022 was Rs 9,958 crore, a growth of 357 per cent y-o-y,” it said.