Disbursed

Despite regulatory challenges in the fintech lending sector, members of the Fintech Association for Consumer Empowerment (Face) disbursed Rs 33,922 crore in loans in the third quarter of FY24, a 46% increase over the same period last year, according to a report.The ninth issue of ‘Facets’ presented insights into the disbursement trends for the quarter from 37 members of Face, indicating a 12% growth in disbursing volume to 2.5 crore in the same period. Also, the average ticket size for loans disbursed stood at Rs…

Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August. The Vijay Shekhar Sharma-led fintech platform said in a regulatory filing that on an average 9.4 crore users transacted through Paytm monthly during July and August this year, which was 20 percent higher than the average number of users recorded during the same period last year."Our loan distribution business (in partnership with our lender partners)…