October 21, 2023
admin
Paytm, on October 20 reported a consolidated revenue of Rs 2,519 crore, up 32 percent for the second quarter ended September 2023 as against a revenue of Rs 1,914 crore last year, mainly on account of improving payment processing margins and growth in its loan disbursement.
As of September 2023, Paytm has a merchant base of around 3.8 crore and merchant paying subscription for devices has reached 92 Lakh an increase of 44 Lakh YoY and 14 Lakh QoQ.
Payments major Paytm is looking to add around 1.5 million offline point-of-sale (PoS) devices like sounboxes and debit card machines every quarter for the next 18-24 months, it said in it’s analyst call held on October 21.
During Q2, Paytm launched several devices like card soundbox, pocket soundbox and music soundbox.
Paytm in June 2023 launched a new PoS device which is a mix of PoS device that accepts cards and UPI payment apart from acting as a soundbox for merchants which is an audio assisted smart device with a small portable speaker for your daily payment alerts which comes with a SIM based connectivity.
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