Investor Presentaiton
Take Rates
Takes rates impacted by change in UPI related commercials
Partner-wise GTV Contribution vs Take Rate
Enterprise (%) ■
Retail (%)■
Gross Take Rate¹ (bps)
-
Net Take Rate² (bps)=
56
54
42
37%
36
32
40%
38%
73%
81%
11
10
9
5
5
19%
27%
60%
62%
63%
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Q2FY24
•
•
Contribution from enterprise segment
continues to scale up as large partner
networks gain traction.
Owing to change in regulations UPI
processing partner was changed mid-
quarter.
The new commercials have adversely
impacted UPI product economics driving
net product take rate from <10 bps to > 4
bps.
These take rates also do not account for
the revenue booked against UPI related
services rendered for the month of
September.
UPI commercials impacted as we shifted partners; we expect these margins
to remain subdued for the next two quarters.
Note: 1) Gross Take Rate = Gross Income (ex-device sales) / GTV; 2) Net Take Rate = Net Income (ex-device sales) / GTV,
wherein Net Income = Gross Income - Merchant/Partner payout
06
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