Paytm Money aims to onboard over one million investors this fiscal

Paytm’s wholly-owned subsidiary Paytm Money on Monday said it aims to onboard over 10 lakh investors this fiscal for its stockbroking services.

Paytm Money, which had started early access programme for the stockbroking service, has already registered over 2.2 lakh investors, a statement said.

“The company aims to onboard over 10 lakh investors this fiscal with the majority of them as first-time users from small cities and towns…The company is striving to become the most comprehensive online wealth management platform in India driving financial inclusion for the masses,” it added.

These efforts are aligned to drive higher penetration in investing with an easy-to-use product, low-pricing (zero brokerage on delivery orders, Rs 10 for intraday) and digital KYC with paperless account opening, the statement said.