Paytm Money Receives SEBI Approval to Start Stock Broking
The new Financial Year (FY 2019–20) begins with a bang for us at Paytm Money!
Today, we are thrilled to announce that Paytm Money has received approval from securities & capital market regulator SEBI (Securities & Exchange Board of India) to start our next offering — Stock Broking. In addition to this, we are also excited to announce that Paytm Money’s membership with exchanges — BSE & NSE is also approved.
Yes, you read that correctly! We will be introducing new capabilities & offerings on our platform, such as trading in equities & cash segments, derivatives, ETFs and more exchange traded products.
With this, we are moving closer to becoming a full-stack wealth management platform as we had set out, and inline with our vision & mission to bring wealth creation opportunities to millions of Indians. Our efforts will continue towards providing our users the simplest, most transparent and best investment experience in India.
- We are now starting with our integrations with both exchanges, depository and building our platform to offer you more investing & trading products.
- Ramping up our engineering, product & design teams to ensure we build the offer the most reliable investing platform to cater to millions of Indians.
- Also setting up our teams for market operations in Trade, Settlement, Depositories, Risk, Finance, Treasury and others. (PS: We’re hiring)
When can I expect Stock Investing & Trading to go live?
- Soon :)
Stay tuned for more updates on products, offerings, features, pricing, launch dates and rest :-)