Paytm Apr-Jun loan disbursal jumps 9-fold to Rs 5,554 cr; hits Rs 24,000 cr annual run rate

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.