Paytm Money allows users to trade through their platform.

Paytm Money is allowing users to use their new features to start stock trading through their mobile app.

As stock trading turns into a hot topic, companies such as Zerodha lead the market for end to end to simple trading. Paytm is trying to get a piece of the pie and enables features to trade through their "money" app. Currently just restricted to the android users, this new feature is soon to make its way to the IOS market as well.

However, as Paytm also has been one step ahead of the crowd, it is providing methods of complete paperless account oppening. Market leaders such as Zerodha, still require cancelled cheques, income statements, proofs, etc. which repel the youth which want to get their hands on some of the rising stocks. Paytm Money is building on its original UPI laws (UPI is the body which controls all the online transfers for apps such as Google Pay, PhonePe, and Paytm).

As KYC was a already an existing requirement for Paytm users, they are able to transfer and sue the same data. Thus, diminishing all sign up issues for their users. No income statements, cancelled cheques, or PAN card verification required. As for all the existing users, these details have been previously covered. Paytm Money, gives a small 24 hour method to begin a trading account, unlike the general market which takes 72.

But, if you are new to Paytm and have not used it do plan on downloading the new Paytm Money- Mutual Funds & Stock Investment app from the Google Play Store, then keep the PAN card and Aadhar in handy, but you will only have to wait 24 hours until you have your stock broking future in your palms.

Now, every firm has some reasons for providing users with features, originally these incentives are made to increase the market share, but in this case because of UPI cap on transaction (covered in previous posts) Patym Money is charging Rs. 200 for digital KYC or verification from their new customers. As the online transaction market growth will be capped (covered earlier) Paytm diversifies into this new branch of stocks.