Key Points
Paytm's operation metrics of February show the internet payments company is sustaining its growth trajectory, Citi said as it sees a potential upside of 82% on the stock...
Continuing the momentum in January and February, the company saw sustained growth in payments and loan distribution business..
"Its payments consumer and merchant base offers a large addressable market, thereby providing a long runway for growth..
Payment GMVs rose 39% year-on-year (MTUs: 85 million) and Paytms market shares in total UPI payments and digital merchant payments remained largely steady at 11% and 24%, respectively," Citi said in a report...
In overall UPI, including peer-to-peer (P2P) payments, Paytms market share stood at 11% in February, which is up 60 basis points year-on-year, whereas Paytms market share in overall digital payments to merchants (including other instruments like credit cards ) stood at 24%..
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