BharatPe on Tuesday said it disbursed over ₹3,600 crore loans to more than 1.2 lakh merchants in Q1 FY23. While disbursements recorded 112% quarter-on-quarter growth, the merchant beneficiary count grew nearly 82% from the January-March quarter, it stated. BharatPe also said that its annualised total payment value (TPV) hit an all-time high of $18.5 billion, an over 50% QoQ rise.