December 8, 2022

Paytm as we speak introduced that its wholly-owned subsidiary Paytm Cash has opened Futures & Choices buying and selling for all. It goals to empower the lots with F&O buying and selling as an vital wealth administration product. The corporate mentioned that it acquired an awesome response for F&O buying and selling on its platform with over 1 lakh requests for its Early Entry Program.

Paytm mentioned that it has enabled customers with the bottom and best brokerage at Rs. 10 for F&O, which is in keeping with its intraday prices of Rs.10, and 0 for supply.

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“The pricing disruption will profit skilled in addition to first-time merchants to seamlessly commerce in futures & choices with a best-in-class product, on their cellular and in a safe setting. The F&O platform has seamless UI and simple onboarding that makes F&O buying and selling accessible and possible for each Indian,” the corporate mentioned in an announcement.

Paytm Cash mentioned that in the course of the Early Entry Program the corporate witnessed large curiosity coming from tier-III, tier-IV, and the remainder of India cities in F&O commerce. It has additionally seen an increase in curiosity in wealth merchandise within the person base under the age of 30 and ladies traders. Paytm Cash goals at simplifying inventory buying and selling for all Indians, be it seasoned merchants or new to a market traders by providing them the pliability to take a position and commerce through each the app and its web site.

Varun Sridhar, CEO – Paytm Cash mentioned, “We’re delighted to share that greater than 1 lakh customers had been granted entry in the course of the first few weeks of the F&O early entry section in January after its early entry launch. The platform witnessed larger adoption by customers from Tier 1 cities comparable to Mumbai, Delhi, Pune, Hyderabad, and Kolkata. Amongst the smaller cities that confirmed most curiosity had been Patna, Kota, and Guntur. Moreover, greater than 50% of customers belonged to the age group of 20-30 years. Our pricing of 10 flat per order with none contracts or commitments brings the general value of buying and selling considerably decrease and makes it tremendous clear. With this, Paytm Cash is taking one step additional to develop into India’s most complete & prime digital wealth administration platform.”

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