Paytm Money introduces stockbroking for all users
Paytm-owned Paytm Money has rolled out stock broking access to all users in India. This means that now users can buy and sell shares on behalf of a client using the Paytm Money platform. The service is available on iOS and Android running devices with super-fast loading stock charts, track market movers and company fundamentals. It can also be accessed on the web.
With this latest announcement, the company aims to onboard over 10 lakh investors this fiscal. It seeks to drive higher penetration in investing with features like easy to use products, low pricing (Zero Brokerage on Delivery Orders, Rs.10 for Intraday) and digital KYC with paperless account opening. Majority of these users are likely to be the first-time users from small cities and towns, the company added.