Business Standard

'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.

Vijay Shekhar Sharma, founder and CEO, Paytm
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Vijay Shekhar Sharma, founder of Paytm.

Ronojoy Mazumdar
India’s highly competitive stock broking industry has a fierce new challenger.

Paytm Money, a unit of the nation’s largest digital-payments startup Paytm which is backed by Chinese billionaire Jack Ma’s Ant Group, is aiming to build a top stock broker by helping local retail investors avoid the biggest investing hazard: getting burned during a down cycle and quitting for good.

The app made zero-fee stock trading available to its millions of users last month. It plans to put algorithms to work so India’s young, smartphone-savvy newbie investors can be nudged to exit loss-making trades and book profits at the right opportunity.

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First Published: Sep 19 2020 | 12:13 PM IST

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