Business
Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr
One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company saw its revenue jump by 77 per cent in FY22 to Rs 4,974 crore from Rs 2,802 crore the previous year.
In Q4 alone, the company’s revenue grew 89% on a year-on-year basis to Rs 1,541 crore, while EBITDA (before ESOPs) for the quarter improved 12 per cent year-on-year.
The growth in revenue was led by the increase in consumer and merchant payments and disbursements of loans through its partners on Paytm.
The company’s EBITDA loss (before ESOP) for FY22 saw an improvement of 8 per cent year-on-year to Rs 1,518 crore from Rs 1,655 crore the previous year. In addition, the company had Rs 809 crore of non-cash ESOP expenses.
Paytm has reduced EBITDA (before ESOP cost) loss despite making investments in user growth, merchant device deployment and technology. The company’s cost structures in Q4 FY 2022 are largely sufficient to support its growth plans in FY 2023. As a result, the company believes it will show accelerated reduction in EBITDA losses and is well on track to achieve profitability (before ESOP) by September 2023 quarter.
Paytm has a strong two-sided ecosystem of consumers and merchants, where it is seeing the monetization strategy kick in to yield results. On the consumer payments side, the company is recording increasing usage of the Paytm app and Paytm Payment instruments. On the merchant payments side, the company serves the entire base of merchants through (i) QR for payments (typically free), (ii) soundboxes (which generate subscription revenues), (iii) card machines (which generate subscription and MDR revenues), and (iv) Payment Gateway for online merchants (which generates MDR revenues and platform fees). Leveraging this distribution and rich insights, Paytm offers financial products to its consumers and merchants, in partnership with financial institutions.
Increased consumer engagement and merchant base leads to higher revenue from Payment services. The company has recorded a jump in its average monthly transacting users in FY22 to 60.8 million, the average for the last quarter further increased to 70.9 million. Paytm’s merchant base has also grown to now have 26.7 million merchant partners, with 2.9 million devices deployed as of FY22.
The increased consumer engagement and merchant base has also led to increased revenue from Payment Services (both to consumers and merchants). Paytm’s Revenue from Payment Services to Consumers was up 58 per cent to Rs 1,529 crore in FY 2022 from Rs 969 Cr for the FY 2021. For the full year, Revenue from Payment Services to Merchants was up 87 per cent to Rs 1,892 crore in FY 2022 from Rs 1,012 crore for FY 2021.
One of the highlights of Q4FY22 and FY22 has been the rapid scale-up of Paytm’s loan disbursement business, where it offers Paytm Postpaid (Buy Now, Pay Later), personal loans and merchant loans. In April 2022, the company reached an annualised run rate of approximately Rs 20,000 crore of disbursement through its platform.
For the full year, the number of loans disbursed through the Paytm platform has grown 478 per cent year-on-year to 15.2 million in FY 2022 from 2.6 million in FY 2021. The value of loans disbursed has grown 441 per cent year-on-year from Rs 1,409 crore in FY 2021 to Rs 7,623 crore in FY 2022.
The number of Postpaid Loans disbursed grew 373 per cent year-on-year in Q4 FY 2022, while the value of Postpaid Loans grew 425 per cent year-on-year, thus highlighting increased usage by customers.
Personal Loans disbursed through partners on Paytm grew 948 per cent year-on-year in Q4 FY 2022, while the value of Personal Loans grew 1,082 per cent year-on-year. The number of Merchant Loans disbursed grew 123 per cent year-on-year in Q4 FY 2022, while the value of Merchant Loans grew 178 per cent year-on-year. The average ticket size has also increased in FY22, with personal loans ranging from Rs 85,000 to Rs 95,000 and merchant loans ranging from Rs 1,30,000 to Rs 1,50,000.
Business
After Meta, Google to report child sexual abuse content directly to Indian authorities

New Delhi, Sep 22: After Meta, US tech giant Google will report content flagged as child sexual abuse material (CSAM) directly to the Indian authorities, contrary to the long‑standing global practice of routing such reports through a US non‑profit organisation.
Meta announced a similar change last week after Indian officials pressed major tech firms in recent weeks to speed up reporting, citing concerns that the existing system delays reports considerably.
Google “invests significantly to detect, deter, remove, and report child sexual abuse material,” a company spokesperson said, describing the change as part of the company’s “ongoing discussions with the government of India.”
Meta and Alphabet’s Google used to send tips to the US‑based National Center for Missing & Exploited Children (NCMEC) which then relayed them to local law enforcement, according to reports.
Such a practice could cause dangerous delays in cases where children may be at immediate risk as reports pass through an intermediary before reaching domestic police who can act on the ground.
The US nonprofit that erstwhile used to receive such reports first hand runs CyberTipline portal that recorded nearly 21.3 million reports from around the world of suspected child sexual exploitation in 2025.
India remains the largest market by user count for both Meta’s Facebook and Google’s YouTube. Meta’s shift in policy comes after weeks of friction with New Delhi, including an apology last month by CEO Mark Zuckerberg over the spread of child sexual abuse material on the company’s platforms.
Technology and law enforcement officials in the United States, the European Union and elsewhere have urged platforms to bolster detection and reporting. However, most countries continue to route reports through the US nonprofit as the primary international clearing house.
The Central government, in July, directed Google to take down multiple Firebase web development accounts that were impersonating the websites and mobile apps of major public- and private-sector banks and other financial institutions.
Business
Sensex, Nifty open marginally higher over crude price correction

Mumbai, Sep 22: The Indian equity markets inched up slightly on Tuesday morning, tracking positive global cues and correction in global crude prices.
As of 9.20 am, Sensex added 64 points, or 0.10 per cent, to reach 74,914 and Nifty gained 34 points, or 0.15 per cent, to reach 23,449.
Main broad-cap indices outperformed gains of the benchmark indices, as the Nifty Midcap 100 added 0.33 per cent, and the Nifty Smallcap 100 advanced 0.4 per cent.
Sectoral indices on NSE traded in green except Nifty IT down 1.09 per cent and FMCG down 0.01 per cent. Nifty realty was the top gainer, up 1 per cent, followed by chemicals, up 0.64 per cent.
“With precious metals stabilising and fixed income returns becoming attractive, investors can now opt for a multi-asset strategy,” an analyst said.
WTI crude trading in the $92–$93-a-barrel range and a stronger rupee provided additional comfort on the broader macroeconomic front.
Global risk sentiment has improved, with US equities posting strong gains and Asian markets largely positive, while softer crude prices have eased some pressure on oil-importing economies.
In the previous session, Nifty surged 0.29 per cent and closed at 23,414. Immediate support is placed at 23,250–23,300, while resistance is seen at 23,550–23,600.
In the previous session, Bank Nifty closed at 56,470, up 0.20 per cent. Immediate support is placed at 56,000–56,300, while resistance is seen at 56,800–57,000, said analysts.
In Asian markets, China’s Shanghai index gained 0.22 per cent, and Shenzhen added 0.62 per cent, Japan’s Nikkei added 1.38 per cent, and Hong Kong’s Hang Seng Index added 0.41 per cent. South Korea’s Kospi added 1.89 per cent.
The US markets ended in green overnight as Nasdaq gained 2.26 per cent. The S&P 500 added 1.49 per cent, and the Dow Jones added 0.71 per cent.
On September 21, foreign institutional investors (FIIs) net sold equities worth Rs 576 crore, while domestic institutional investors (DIIs) bought equities worth Rs 2,800 crore.
Business
FM Sitharaman meets JPMorgan CEO Jamie Dimon in Mumbai

Mumbai, Sep 21: Finance Minister Nirmala Sitharaman on Monday met Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., during the 11th edition of the JPMorgan India Investor Conference in Mumbai.
According to the Finance Ministry, Dimon interacted with the finance minister on the sidelines of the conference, which brought together investors, policymakers and corporate leaders to discuss India’s economic outlook and investment opportunities.
FM Sitharaman also addressed participants at the event and took part in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan.
“Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., interacts with FM Sitharaman during the J.P. Morgan India Investor Conference in Mumbai, Maharashtra,” the finance minister posted on social media platform X.
” FM Sitharaman addressed the gathering and participated in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan, during the 11th edition of the J.P. Morgan India Investor Conference in Mumbai, Maharashtra,” the finance minister added.
The meeting comes as JPMorgan said in a recent report that a combination of tax reforms and regulatory measures had enhanced the attractiveness of equities for domestic investors, helping sustain robust inflows despite relatively muted market returns over the past two years.
The brokerage noted that changes in the taxation framework for long-term capital gains, debt mutual funds and certain insurance products have improved the relative appeal of equities.
It said these measures, alongside rising participation through systematic investment plans (SIPs), are supporting a continued shift of household savings toward financial assets.
According to JPMorgan, domestic investors have increasingly emerged as a stabilising force for Indian markets, offsetting bouts of volatility triggered by foreign portfolio investor outflows and global uncertainties.
The report highlighted that retail participation has remained resilient even during periods of modest benchmark returns, signalling a structural change in investment behaviour.
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