![]() Paytm counts China's Ant Group and Japan's SoftBank Group Corp among its backers. The average Monthly Transacting Users (“MTU") in Q2 FY 2022 rose 33% year-on-year 5.74 crore and the trajectory has continued in October 2021 with 6.3 crore MTUs, a growth of 35% Y-o-Y compared to 47 million MTUs in October 2020, the company said. The company’s GMV or Gross Merchandise Value for Q2 FY 2022 was ₹1,95,600 crore, up by 107% Y-o-Y and the growth momentum continued in October 2021, where the GMV at ₹83,200 crore was up 131% Y-o-Y, the company said. Revenue from payments and financial services grew 69% to ₹842.6 crore while commerce and cloud services revenue grew by 47% to ₹243.8 crore.
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