Page 3 - Paytm Money

'Would be massive': Paytm Money looks to tap India's stock trading mania

Paytm Money hopes to stand in competitive stock broking industry with features that could allow users to automate the entry, exit and monitoring of investments.

SIP investments up 143%, monthly registration doubled in FY20: Paytm Money

Digital financial services firm Paytm Money on Monday said that monthly investment volume in systematic investment plans (SIP) has risen by 143 per cent on its platform in 2019-20. The company said that it has completed two years of business and has been able to acquire 66 lakh customers to invest in various financial services out of which 70 per cent users were the first time investors. "Over the last two years, we have enabled new users from small cities and towns to invest with confidence by providing innovative & personalized services. We strive to become the first step in the investment journey so that every user benefits from technology and financial inclusion," Paytm Money CEO Varun Sridhar said in a statement. The company said it registered a 100 per cent increase in monthly new SIP registrations on a year-on-year basis in 2019-20. "In the last financial year, Paytm Money registered over a 100 per cent increase in Monthly New SIP registrations and a 143 per cent increase ..

Paytm reports Rs 3,629 cr revenue for FY20; eyes profitability by 2022

The Noida-based firm also claimed it has narrowed losses 40 per cent year-on-year on account of optimisation of expenses which will help it become profitable by 2022

MF industry's digital drive helps in collections of new fund offerings

The digital capability of the MF industry has helped NFOs have a wider access to different parts of the country, despite the current lockdown conditions

Paytm Money goes live with stockbroking services on its platform

Widens product offering after mutual funds, pension schemes

Paytm sets up largest campus with over 5,000 seats in Noida, Uttar Pradesh

Noida has been the headquarters of Paytm for over two decades now and the company is on-track to shift to the new premises by December this year.

Scam calls: Paytm submits list of 3,500 phone numbers to MHA, others

CERT-In a functional organisation under the Ministry of Electronics and Information Technology with the object of securing Indian cyber space

Govt should reimburse firms for acquiring merchants: Vijay Shekhar Sharma

Paytm launches All in One QR code for Paytm wallet, Rupay cards and all UPI based transactions

Paytm pumps in over Rs 10 cr in bus ticketing software provider Infinity

Paytm entered the online bus ticketing space in 2015 and currently offers bus tickets across more than 62,000 routes

Paytm Money expects market share in direct MF to go up to 50% in 6 months

Currently, its market share stands at around 40% of total such subscriptions

Paytm Money plans to offer stockbroking services for new investors

Paytm Money also offers free risk assessment and advisory investment portfolios to new users

Paytm Money to start stockbroking service, sale of pension schemes

Paytm Money already sells mutual fund on its platform and claims to have clocked 40 per cent share in the direct mutual fund segment in the country

Paytm Money plans to raise $1.2 billion in a mega funding round

Paytm Money is considering rapid expansion in mutual fund, insurance and financial services

Onboarding Paytm Money app for MFs is simple, but there is a queue

Paytm Money will give access to 2,500 customers per day and ramp up the number up to 10,000 per day later

Paytm Money aims to add 25 million users in the retail investment segment

Paytm Money, which has been setup as a separate subsidiary, aims to add 25 million users in the retail investment segment over the next six years

Paytm Money targets 20 million MF investors in 3 years, launch in 2 weeks

Paytm Money would also be open to opportunities of working along with the distributor community, including independent financial advisors