The total value of loans disbursed in FY22 stood at Rs 7,623 crore, according to data released by the company on Sunday.
The loans disbursed were worth Rs 1,657 crore in April 2022, it said.
The improvement in operating metrics comes even as One97 Communications’ stock price is trading 75% lower from its IPO price of Rs 2,150 per share.
Shares of One97 Communications closed at Rs 543.3 apiece on May 13.
“We are also seeing increases in average ticket size due to the scale-up of the personal loans business in particular,” One97 Communications said as a part of its filings to the stock exchanges.
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Paytm offers personal loans, merchant lending and postpaid, its buy-now-pay-later (BNPL) offering through partnerships with financial institutions.
In addition, Paytm also said total gross merchandise value (GMV) processed by the platform stood at Rs 8.52 trillion in FY22, higher than the Rs 4 trillion it clocked in FY21.
According to the company, its monthly transacting users grew to 73.5 million in April 2022, registering a 44% year-on-year growth. Total devices, including point-of-sale (PoS) and its Soundbox offering, grew to 3.2 million in April, the company said.
“We continue to maintain our stronghold in the offline payments business with deployment of 3.2 million devices in stores, with an average rate of 300,000 deployments per month. We expect this growth to contribute to a rise in the number of merchants eligible for loans,” it said.
Earlier this month,
Paytm granted 3.97 million stock options to employees under the One97 Employees Stock Option Scheme 2019 (‘Esop 2019’). The exercise price of these stock options is Rs 9. The Noida-based fintech firm also allotted 177,114 equity shares to employees who have vested their options.