Paytm loan disbursals rise over 50% in May — Here’s how the fintech stock is reacting

Paytm's gross merchandise value (GMV) for May stood at Rs 138,000 crore, reflecting a year-on-year growth of 36.6 percent and a month-on-month increase of 8.66 percent. Over the two-month period of April and May, Paytm's GMV reached Rs 265,000 crore, displaying a year-on-year growth of 35.2 percent and a quarter-on-quarter increase of 13.25 percent.

The company witnessed a substantial rise in disbursals, reaching Rs 9,618 crore over the two-month period, marking a year-on-year growth of 169 percent and a quarter-on-quarter increase of 19 percent. The number of loans soared to 85 lakh, a 54.55 percent rise compared to the previous year.

Paytm also highlighted its success in offline payments, with 75 lakh merchants now subscribing to payment devices, representing a growth of 4 lakh merchants in May 2023.

Following the business update, Paytm shares experienced a slight decline, trading nearly one percent lower. However, the stock has shown a three percent increase over the past month. Year-to-date, Paytm's stock has provided investors with a return of 33 percent, outperforming the benchmark Sensex, which has risen 2.75 percent during the same period.