No doubt Paytm is one of the biggest players in the digital payment industry In India. And it’s improving itself over year. We have seen a lot of changes and new features in the last few months. From Paytm wallet to Paytm payments bank and Paytm mall, company is entering in the new field every year. Now Paytm has launched its new platform ‘Paytm Money Limited’ to allow users to invest in Mutual Funds and other wealth products.
Paytm had announced that it is going to launch ‘Paytm Money Limited’ in a blog post 9 January 2018. According to the post, Pravin Jadhav will lead this new venture.
On the occasion the Paytm founder Vijay Shekhar Sharma said:
“We started as a payments platform and expanded customer offerings to deposits with Paytm Payments Bank. Today, with Paytm Money, we have taken the next logical step in the direction of wealth management. Pravin and his team is on a mission to make wealth management easier and accessible to large number of Indians. We aim to increase the size of wealth management customer base and bring simple and easy to understand wealth products to our consumers.”
And Appointed Director Pravin Jadhav said:
“India’s wealth management services market have so far focused mainly on the urban segment leaving a huge chunk of the market untapped. I am excited to join Paytm Money to build the most consumer friendly investment product & experience for investors. India will be a Mutual-Funds first market, we are in discussions with leading AMCs to offer Mutual Fund Investments in Direct Mode for our users.”
And now, pre-registration for Paytm Money has been started. Paytm is informing its users this by email. Today I also got an email from Paytm. The email was like:
Introducing Paytm Money – the simplest and best way to invest in Mutual Funds. Pay zero commission & no hidden charges on your investments. Get upto 1.5% higher returns with direct plans of mutual funds.
Sign up for early access using your Paytm registered mobile number or email address.
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The company promises to give up to 1.5% Higher Returns with direct plans of mutual funds, paperless investment, and 0% commission wi no hidden charges.