Paytm logs 89 mn monthly transacting users, GMV grows 44% to Rs 1.2 trn

Leading payments and financial services company Paytm on Wednesday announced it reached 89 million average monthly transacting users (MTU) for the month of January, a 29 per cent (year-on-year) increase.

The company continues to dominate the offline payments market with 6.1 million merchants now paying subscriptions for payment devices, an increase of 0.3 million in January.

Paytm said it has seen a consistent growth in merchant payments volume with the total gross merchandise value (GMV) processed through the Paytm platform grew 44 per cent YoY aggregating to Rs 1.2 lakh crore ($15 billion) in January.