# Citigroup has turned increasingly positive on Paytm, citing ‘plenty of growth and margin drivers’ for the fintech major.

*fintech · news · 2026-05-19 · Lokmat Times*

## Key points

- Paytm’s consumer payments growth in FY26 was almost double the overall market growth rate.
- Only about 7% of eligible Paytm merchants currently use its lending products, leaving significant expansion potential.
- Paytm added nearly 3 million new merchant devices in FY26, reaching 15 million deployed nationwide.
- Citi identifies improving net payment margins at Paytm, now standing at around 4 basis points.
- Paytm is investing in AI-led development across wealth and broking services to meet evolving demand.

**Companies:** Paytm
**Countries:** India

[Read the full story on Lokmat Times](https://www.lokmattimes.com/business/paytm-building-one-of-indias-strongest-fintech-business-models-citi/)

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