Paytm is to begin Stock Market Trading Services after Insurance and Banking
Paytm, the leading digital payments platform, is going to launch Stockbroking services in the coming weeks. It has already delved into insurance and banking sectors that was announced during the Global Fintech Festival.
Founder Vijay Shekhar Sharma said in a report by Business Insider that, "We are doing good in mutual funds and we hope to do stock brokerage soon which will be launching in the next few weeks."
It received approval for Stockbroking from SEBI in January this year. The Stockbroking feature would be under the Paytm wealth feature.Twitter
Paytm has also expanded its insurance portfolio by acquiring the insurance company named Raheja QBE.
"It is an important milestone in Paytm's financial services journey and we are very excited to welcome Raheja QBE General Insurance into the Paytm family.
Its strong management team will help us accelerate our journey of taking insurance to the large population of India with the aim to create a tech-driven, multi-channel general insurance company," said Amit Nayyar, Paytm president, said in a statement.
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