On March 18, Paytm announced that its investment platform Paytm Money has received approval from the Securities and Exchange Board of India (SEBI) to offer research services. With this approval, One97 Communications, the parent company of Paytm, can now provide SEBI-compliant research services, including investment insights, research reports, and data-driven analysis.
Following the announcement, Paytm’s shares surged by 3% in early trading on March 18.
Paytm Money plans to integrate these research facilities into its investment and advisory solutions on its platform. In the exchange filing, the firm stated that this approval is aligned with its mission of expanding its business in the investment segment, providing better user experience, and providing research-driven insights to both institutional and retail investors.
Paytm introduced ‘UPI Trading Blocks’, an auto equity broking app feature that facilitates automatic deduction of payment directly from bank accounts. Developed on NPCI’s UPI platform, the system deducts money at the point of trade execution without having to enter a UPI PIN on each and every trade.
Paytm’s filing also stated that the UPI Trading Blocks feature is currently supported on Axis Bank (@ptaxis) and Yes Bank (@ptyes) UPI handles and will be rolled out in the near future to State Bank of India (@ptsbi) and HDFC Bank (@pthdfc) handles.
The SEBI approval and new trading features are a significant milestone for Paytm Money as it continues to consolidate its position in India’s growing investment and brokerage market.
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Source: Moneycontrol.
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