Paytm Money launches F&O, targets10 lakh trades in 2 yrs
Paytm Money, a wholly-owned subsidiary of Paytm, launched Futures & Options trading (F&O) on its platform, along with its other offerings which include stocks, direct mutual funds, ETF, IPO, NPS and digital gold.
Paytm expects revenue, monetisation methods to expand in next few quarters: CEO
Mumbai, Jan 13 Paytm Money, a wholly-owned subsidiary of Paytm, launched Futures & Options trading (F&O) on its platform, along with its other offerings which include stocks, direct mutual funds, ETF, IPO, NPS and digital gold.
Through this initiative, Paytm Money aims to have a daily turnover of Rs 1.5 lakh crore and 10 lakh trades in the next 18-24 months. The platform has launched this service with brokerage at Rs 10 for all F&O free for delivery.
Varun Sridhar, CEO - Paytm Money said, "Our pricing of Rs 10 flat per order without any contracts/commitments/conditions brings the overall cost of trading significantly lower and makes it super transparent."
Vijay Shekhar Sharma, Founder & CEO said, "On the mission to bring wealth services to 10 crore Indians, the launch of F&O will accelerate our path." EoM.
