Overall GMV for One97 Communications also grew to ₹1,956 billion ($26 billion) during the quarter ending 30 September 2021, a 107% growth from the previous fiscal quarter ending June 2021. For Paytm, its monthly transacting users also grew by 35% year-on-year to 63 million in the month of October 2021. The average monthly active users for the quarter ending September 30, this year, stood at 57 million, the company reported on Sunday. The company also registered high growth for its credit and lending business including Paytm Postpaid and merchant lending. Paytm registered 2.84 million loans in the quarter ending September, compared to 1.43 million loans in the June-ending quarter, this fiscal year.

Source: Mint November 21, 2021 22:57 UTC