Antique flags Paytm merchant lending and payment monetisation as next growth engine
Antique expects Paytm's merchant ecosystem to power the next phase, citing 15M merchants, 35% payment volume growth versus 30% industry, high-IRR merchant loans at 15-20% interest, and improving margins from 3bps toward 5bps. It projects 20-25% FY27 revenue growth with mid-50% contribution margins.
Antique says Paytm's merchant ecosystem, deeper monetisation, improving payment margins and merchant lending will drive its next growth phase, citing market share gains, high-IRR merchant loans and cross-selling headroom across its Indian payments and financial-services platform.