One 97 Communications has reported over two-fold rise in its Gross Merchandise Value (GMV) to about Rs 1,66,600 crore in the first two months (October-November) of the third quarter of this fiscal, driven by sharp uptick in loan disbursals. The company had recorded GMV of Rs 72,800 crore in the corresponding period a year ago. The company refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments or through its payment solutions, over a period. It excludes any consumer-to-consumer payment services such as money transfers.
Growth momentum in GMV continues in the first two months of the quarter, due to strong performance during the festive season, which continues post festive season. The number of loans disbursed from the Paytm platform increased over four times to 27 lakh during the reported period, from 5.30 lakh a year ago. The value of loan disbursed increased by 375 per cent on a year-on-year (y-o-y) basis to Rs 13,200 crore ($178 million) in the first two months of the quarter from Rs 280 crore.
The company posted growth of 36 per cent in monthly transacting users (MTUs) at 6.32 crore during October-November 2021 period, from over 4.66 crore average MTUs in the first two months of the same quarter a year ago.
One 97 Communications (Paytm) is India's leading digital ecosystem for consumers as well as merchants.
| Company Name | CMP |
|---|---|
| One97 Communications | 786.15 |
| Infibeam Avenues | 17.24 |
| One Mobikwik Systems | 315.50 |
| Zaggle Prepaid Ocean | 355.95 |
| PB Fintech | 1587.00 |
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