Paytm announced its business operating performance for Q4FY23 (Quarter 4 Financial Year 2023). The startup, in a statement said that it has deployed about 6.8 million devices and it has nearly 90 million average Monthly Transacting Users.

For the quarter ended in March, about 6.8 million merchants across the country have now paid subscriptions for Paytm's payment devices, an increase of 1 million from the previous quarter. Highlighting the same, the payment aggregator said in its stock exchange filing that, "With our subscription as a service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing the funnel for our merchant loan distribution."

Furthermore, the startup claims that it has recorded a growth rate of 27 per cent y-o-y (year on year). The total merchant gross merchandise value (GMV) processed through its platform for the quarter (for the three months ended March) increased by 40 per cent y-o-y to Rs 3.62 lakh crore (USD 44 billion).

The payment aggregator disclosed that the total number of loans disbursed surged 82 per cent cent y-o-y to 11.9 million in the quarter, with 4.1 million loans (63 per cent growth y-o-y) disbursed in the month of March 2023 through its platform. "Our payments consumer and merchant base offers a large addressable market, thereby providing a long runway for growth. We continue to work with our partners to remain focused on the quality of the book," the company said.

In the last quarter, Paytm achieved its milestone of operating profitability, ahead of its September 2023 forecast. The fintech giant’s EBITDA before ESOP (Employee Stock Ownership Plan) cost stood at Rs 31 crore, with EBITDA before ESOP margin at 2 per cent of revenues, compared to (27 per cent) a year ago. Paytm’s revenue from operations increased 42 per cent y-o-y to Rs 2,062 crore in Q3FY23, the company claims.