Close Menu
    Tags
    ai apple BJP cg news Champions Trophy 2025 Chhattisgarh Chhattisgarh News china Congress cricket donald trump elon musk featured google Hindi News Hindustan India ind vs eng IPL IPL 2024 IPL 2025 Israel Israel Hamas War Jammu and Kashmir latest news Lok Sabha elections 2024 Madhya Pradesh Madhya Pradesh news market Narendra Modi News in Hindi Pahalgam Terror Attack Pakistan pm modi Rahul Gandhi Raipur Rohit Sharma samsung Supreme court T20 World Cup 2024 Team India the chhattisgarh United States Virat Kohli whatsapp
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram YouTube
    The Chhattisgarh
    Member Login
    • World
    • India
    • Chhattisgarh
    • Madhya Pradesh
    • Sports
    • Technology
    The Chhattisgarh
    Home»News»Merchant payments on Paytm’s app increased by 35 percent to Rs 2.65 lakh crore.
    News

    Merchant payments on Paytm’s app increased by 35 percent to Rs 2.65 lakh crore.

    The ChhattisgarhBy The ChhattisgarhOctober 15, 20232 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link
    Total gross merchandise value (GMV) at payments and financial services firm Paytm grew 35 per cent year-on-year to about Rs 2.65 lakh crore in April and May. Paytm’s average monthly transacting users (MTU) also increased by 24 percent to 9.2 crore in the last two months. Paytm has increased its share in offline payments in the last few years. It has installed 75 lakh devices with merchants to accept payments. This number has increased by approximately four lakhs last month. The company said, “Our subscription service model has been accompanied by an increase in devices. This has also led to an increase in subscription revenue and payment volume. Over the last few quarters, we have focused on payment volume. This will help in improving the net payments margin or direct sales. Get profit.” Paytm’s loan distribution business is also growing. In the last two months, this business grew by 169 percent on year-on-year basis to Rs 9,618 crore. Paytm said that it has seven big lending partners. The company aims to add three to four partners in the current financial year. Last year, the Enforcement Directorate (ED) had sought information from Paytm regarding the investigation being conducted against some merchants. ED had searched some premises of One 97 Communications, which runs Paytm. In this regard, the company spokesperson had said that no new information was investigated in this ED search. ED has sought information about some merchants from various payment service providers. The spokesperson had said, “We have provided the necessary information.” The company Paytm had said in a regulatory filing, “ED has sought information about such merchants to whom we provide payment processing solutions. We want to clarify that these merchants are separate entities and none of them are part of our group. Not an entity.” Along with this, the company had said that ED had not given instructions to block any merchant associated with it or its group entities. In this case, ED had also raided some firms related to cryptocurrencies.

    crypto devices ED growth investigation loan market merchants paytm regulator services transactions upi value
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link

    Related Posts

    IRCTC Launches New Mobile App ‘SwaRail’ For Android And iOS Users: Check Features And How To Book Railway Tickets |

    May 25, 2025

    “Made In India” iPhones Will Still Be Cheaper In US, Even With Trump’s 25% Tariff: GTRI Report |

    May 25, 2025

    X (Formerly Twitter) Down: Thousands Report Major Outage On Elon Musk’s Platform |

    May 24, 2025

    Apple iPhone 17 Series: Tipped For September Launch: Check Expected Specs, And Prices In India, US, And Dubai |

    May 24, 2025

    Oppo A5x 5G Launched In India With AI Features Under Rs 15,000; Check Camera, Battery, Specs And Launch Offers |

    May 24, 2025

    All About Google’s Latest Gemma AI Model That Can Run On smartphones |

    May 22, 2025
    -Advertisement-
    Advertisement
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    © 2025 The Chhattisgarh. All Rights Reserved.
    • Contact Us
    • About Us
    • Terms & Conditions
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.