Paytm disbursed loans worth Rs 5,517 crore in August, average MTU up 20%

Paytm disbursed loans worth Rs 5,517 crore in August, its parent One 97 Communications said in a regulatory filing on Tuesday. In the first two months of the current quarter (July and August), its average monthly transacting users (MTU) has jumped 20 per cent year-on-year (YoY) to 94 million.

The value of total loans disbursed in July and August jumped 137 per cent YoY to Rs 10,710 crore. It was Rs 4,517 crore in the same two months last year. Moreover, in the quarter that ended on June 30, the value of loans was up 167 per cent YoY to Rs 14,845 crore.