Paytm registers 76% revenue growth in Q2


New Delhi: Indian digital payments company Paytm announced a 76% increase in revenue for the second quarter due to a sharp increase in loan growth.

Paytm’s parent company One 97 Communications Ltd reported that sales rose to INR 19.14 billion ($233.81 million) from INR 10.86 billion in the quarter ended September.

According to the company’s exchange statement, the combined net loss rose to Rs 5.71 billion from Rs 4.73 billion a year ago.

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