One 97 Communications has posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021 (Q3FY22). Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter as compared to 8.81 lakh loans worth Rs 470 crore disbursed from its platform in the year-ago period.
The gross merchandise value (GMV) of the company more than doubled to Rs 2.5 lakh crore during October-December 2021 compared to Rs 1.12 lakh crore it registered in the corresponding quarter a year ago.
One 97 Communications (Paytm) is India’s leading digital ecosystem for consumers as well as merchants.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
