Paytm disbursed loans of Rs 5,517 crore in August, used 87 lakh devices for offline payments | Pro IQRA News

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New Delhi, Sep 5 (Language) Fintech firm Paytm on Tuesday said it distributed loans worth $667 million (Rs 5,517 crore) through its platform in August and deployed 87 lakh devices for offline payments.

Vijay Shekhar Sharma-led fintech platform informed the stock market that in July and August this year, an average of 9.4 million users made monthly transactions through Paytm, which is about 20 percent more than the same period last year.

“Our loan distribution business (in collaboration with our lending partners) has disbursed Rs 10,710 crore ($1.3 billion, 137 percent YoY growth) and 88 lakh loans (47 percent YoY growth),” the company said in its August business. results report. increase) increases continuously with the distribution of . This payment was made through the Paytm platform in July and August 2023.

According to Paytm, 87 lakh devices were deployed for payments, an increase of 42 lakh year-on-year.

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