Paytm Money eyes 10 million users

Bengaluru:Paytm Money on Wednesday said that it is targeting 10 million users and over 75 million transactions by FY22.

The wealth management arm of Paytm offers services such as investments in mutual funds, stocks, initial public offerings (IPO), digital gold, futures and options (F&O), and exchange traded funds, and claims to have more than 7 million users. It has recently clocked ₹5,000 crore in direct mutual funds investments.

Paytm Money expects over 150% growth in systematic investment plan registrations and 200% increase in monthly investment volumes over the next few months.