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Paytm payments bank loan disbursement up to 3-fold

Published on March 14, 2023
Current context: Paytm payments will disburse loans up to 7.9 million during January-February.
Paytm payments bank loan disbursement up to 3-fold
  • The total loan disbursements have grown up to Rs. 8086 crores which is 3-fold higher than from last year.
  • The number of loans disbursed is at 7.9 million during January-February by partnership with commercial banks.
  • The merchant payment volumes stood at Rs.2.34 trillion up to 41% year-on-year for January and February.
  • The net-loss during the end of December was Rs. 392 crores.
  • Paytm’s devices like Soundbox and POS continue to see merchant support.

Question: 

Q.1 Which devices are owned by Paytm?
a. Roots
b. IndRa
c. Soundbox and POS
d. Zeroth
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