Paytm's GMV doubles in Sept quarter amid festival spending in India

Paytm's GMV doubles in Sept quarter amid festival spending in India

Advertisements of Paytm, a digital wallet company, are seen placed at stalls of roadside vegetable vendors in Mumbai, India, November 19, 2016. REUTERS/Shailesh Andrade

One97 Communications Ltd., the parent company which owns and operates brand Paytm reported an overall gross merchandise value (GMV) of 832 billion (roughly $11.2 billion) in the month of October 2021, the company said as a part of its latest disclosures with the stock exchanges on Sunday evening.