Paytm posted over four-fold leap in mortgage disbursals from its platform throughout December quarter
New Delhi:
Digital funds agency Paytm posted over four-fold leap in mortgage disbursals from its platform each by way of numbers and worth within the quarter ended December 31, 2021.
Paytm disbursed 44 lakh loans price Rs 2,180 crore in the course of the quarter as in comparison with 8.81 lakh loans price Rs 470 crore disbursed from its platform within the year-ago interval.
The gross merchandise worth (GMV) of the corporate greater than doubled to Rs 2.5 lakh crore throughout October-December 2021 in comparison with Rs 1.12 lakh crore it registered within the corresponding quarter a 12 months in the past.
“Our month-to-month transacting customers (MTU) confirmed constant development in FY2021 and within the first two quarters of FY2022. The trajectory has continued within the third quarter of FY 2022 with 64.4 million common MTUs, development of 37 per cent Y-o-Y over the 47.1 million common MTUs within the third quarter of FY2021,” Paytm mentioned within the submitting.
The inventory of the corporate closed at Rs 1,157.9, down 6.01 per cent from the earlier shut, on the BSE on Monday.