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Paytm records 20% rise in monthly users in July-August, GMV up 43%

LivemintLivemint ยท 2y ago
Paytm records 20% rise in monthly users in July-August, GMV up 43%
Medial

In August 2023, Paytm disclosed that it disbursed loans amounting to โ‚น5,517 crore ($667 million) through its lending platform. The company also reported a 43% year-on-year increase in its merchant payment volumes (GMV) to โ‚น3 trillion ($36.3 billion) in July-August 2023, up from โ‚น2.1 trillion during the same period in 2022. Additionally, Paytm experienced a significant rise in GMV for non-UPI instruments like EMI and cards. The company's loan distribution business, in partnership with lending partners, grew by 137% year-on-year, with disbursements totaling โ‚น10,710 crore ($1.3 billion) in July-August 2023. The number of loans increased by 47% year-on-year, reaching 8.8 million during the same period. Paytm deployed 8.7 million devices as of August 2023, a year-on-year increase of 4.2 million devices. The company attributed its strong performance to its subscription-as-a-service model, which boosted subscription revenues, payment volumes, and merchant loan distribution. Paytm also emphasized its commitment to improving the credit quality of loans and highlighted reduced expected credit loss (ECL) figures for Paytm Postpaid. Despite potential subdued growth in the lending industry, Paytm remains focused on portfolio performance and plans to onboard three to four new lending partners in FY24.

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Paytm hits milestone of 100 million monthly transacting users

OutlookIndiaOutlookIndia ยท 1y ago
Paytm hits milestone of 100 million monthly transacting users
Medial

Fintech platform Paytm has achieved a significant milestone of crossing 100 million monthly transacting users. The company reported strong revenue growth, driven by accelerated GMV growth and expansion of its financial services business. Paytm anticipates that the adoption of artificial intelligence (AI) in its operations will further enhance its financial services, marketing, and customer relations. The company is leveraging AI in various areas, including product development, creating operating efficiencies, and enhancing payment monetization. Paytm expects to capitalize on monetization opportunities through merchant subscriptions, MDR on payments, government incentives, merchant lending, and marketing services.

UPI crosses 20 Bn monthly transactions for first time in August

EntrackrEntrackr ยท 16d ago
UPI crosses 20 Bn monthly transactions for first time in August
Medial

News: UPI crosses 20 Bn monthly transactions for first time in August The Unified Payments Interface (UPI) crossed a major milestone in August 2025 by processing 20.01 billion transactions, the first time it has ever breached the 20 billion monthly mark. In terms of value, UPI recorded transactions worth Rs 24.85 lakh crore during the month. This milestone comes on the back of steady growth over the past few months. In June 2025, UPI clocked 18.40 billion transactions worth Rs 24.04 lakh crore. The following month, July, saw a sharp rise to 19.47 billion transactions, a 5.8% increase from June, with the transaction value climbing to Rs 25.08 lakh crore. In August, UPI transactions crossed the 20 billion mark, posting a 2.8% increase over July. While the total value slipped by 0.9% from the previous month, it still stayed comfortably higher than Juneโ€™s level. On a year-on-year basis, UPI volumes surged 34%, while the value of transactions jumped 21% in August. The average daily transaction count climbed to 645 million, and the daily value stood at Rs 80,177 crore. UPI also achieved a record of crossing 700 million transactions in a single day on August 2. This surge comes despite the ban on real money gaming platforms, which used to make up a significant share of UPI transactions. Most of these platforms started shutting down after Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025 on August 21. The consistent rise from 18.40 billion transactions in June to 20.01 billion in August underscores the growing reliance on UPI for everyday payments, from peer-to-peer transfers to merchant transactions, cementing its position as the backbone of Indiaโ€™s digital payments ecosystem. As of July, PhonePe (8.93 billion) accounted for a commanding 45.88% share in terms of volume, followed by Google Pay (6.92 billion) with 35.56%. Of the total transaction value of Rs 25,08,498.09 crore, PhonePe held 48.64%, while Google Pay contributed 35.53%. In terms of merchant categories, groceries and supermarkets led UPI transactions with 3.03 billion (3,032 million) in volume and Rs 64,882 crore in value, followed by fast food at 1.22 billion and restaurants at 1.15 billion. Digital goods and games, which also include real money gaming, registered 351.24 million transactions worth Rs 10,076 crore. The breakup data for August is yet to be published by NPCI.

PhonePeโ€™s merchant app MAUs on rise as Paytm falls behind

EntrackrEntrackr ยท 1y ago
PhonePeโ€™s merchant app MAUs on rise as Paytm falls behind
Medial

Digital payments platform PhonePe has managed to eclipse its arch rival Paytm by a decent margin in terms of monthly active users of its merchant app, according to data sourced from App Annie. The data was recorded between mid January to mid March. Paytm lost 20% MAU in the last quarter (between January and March), while PhonePe gained 20% during the same period. Roughly, Paytmโ€™s MAUs stood at 9 million in March whereas PhonePe had around 11 million, as per the data. As of 2023, PhonePe and Paytm had over 37 million registered merchants base each. The recent actions by the Reserve Bank of India against Paytm appears to be the primary reason behind this as the company saw a sharp fall in active users after January this year. To recall, RBI had imposed restrictions on Paytm due to concerns regarding breach of and compliance with regulatory norms in January. However, Paytm later received permission from the National Payments Corporation of India (NPCI) to participate in UPI through the Third-Party Application Provider (TPAP) under the multibank model. This move enabled Paytm users and merchants to continue using UPI services, including autopay mandates, without interruption. A separate report also suggested that RBIโ€™s diktat on Paytm has triggered a major shift in the digital payments landscape for kirana stores. The report citing a survey, conducted by Kirana club, revealed that more than 40% kirana stores have already switched from Paytm to other alternatives such as PhonePe, BharatPe and GooglePay. As per the survey, the exodus was likely to go up in coming months. PhonePe and Paytm did not comment on the story. Besides PhonePe, Khatabookโ€™s merchant app also saw a sharp growth in terms of active users while BharatPe for Merchants remained flat in the past couple of months, as per App Annie data. Interestingly, the active users of Khatabookโ€™s merchant app were inching closer to Paytm as of mid-March. Among the UPI-based consumer facing payments apps, PhonePe is far ahead of its peers and controls nearly 50% market share followed by Google Pay and Paytm Payments Bank with around 35% and 12% market share respectively.

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