Paytm Q1: Value of loans disbursed increases 167%, GMV rises 37% YoY

One97 Communications, the holding company of fintech major Paytm, saw a total gross merchandise value (GMV) of Rs. 4.05 trillion during Q1 of FY24. This compares to a GMV of Rs. 2.96 trillion during Q1 of FY23, a growth of 37 per cent, year-on-year (YoY).

On Wednesday, Paytm reported a 167 per cent growth in the value of loan disbursements for the quarter-to-date period. It distributed loans amounting to Rs. 14,845 crore in Q1 of FY24, a significant rise from Rs. 5,554 crore in Q1 of FY23.