The paytm launched their new Stock trading feature on August 2 on the Paytm Money app which is currently not available for everyone but only for limited users. The company has sought approval for the same from SEBI and was in talks for the same from 2019.
The feature will be available for everyone in few weeks and is currently in the beta-stage of the new feature. However, for now the feature can only be accessed by Indian Residents in the beginning.
Paytm Money is an application of One97 Communications – The parent company who regulates Paytm and other services for the app as well. The founder of the company – Vijay Sharma had recently announced about the launch of the new feature in a Industrial event.
The app is looking forward to compete with already existing names like Zerodha and Angel broking and will get into the business and competition as soon as it becomes accessible to everyone.
With the new feature users can:
-complete 100% paperless account opening and a fully digital KYC process, can become investment ready within 24 hours. Moreover, Enjoy both Intraday trading in stocks & Zero Brokerage on delivery trading for life!
– Set price alerts & create multiple watchlists to track real-time price changes of up to 50 stocks.
– Get detailed insights on market movers on the basis of top gainers, top losers, movers by value & volume.
