The company's fast-growing lending vertical saw revenue from the financial services business was Rs 349 crore, up 293 per cent YoY and 29 per cent QoQ. It now accounts for 18 per cent of total revenue, compared to 8 per cent in Q2FY22, driven by sourcing and collection revenues. In Q2FY23, Paytm disbursed 9.2 million loans, up 224 per cent YoY and 8 per cent QoQ, amounting to Rs 7,313 crore, marking an increase of 482 per cent YoY and 32 per cent QoQ. With a long growth runway ahead, the company saw a high demand in the loan distribution business for all its products – Paytm Postpaid, Personal Loans, Merchant loans.