Paytm disbursements rise 169% on year

The disbursements of Paytm rose 169% year-on-year (y-o-y) to Rs 9,618 crore during April and May, parent One97 Communications said in a press release on Monday.

In terms of volume, loans rose 54% y-o-y to 8.5 million.

“We continue to see growth in the distribution of postpaid and personal loans. We have partnered with large NBFCs and banks and we continue to focus on quality of loans distributed through our platform,” the release said.