MUMBAI: India's homegrown digital financial services platform Paytm today announced that its wholly-owned subsidiary Paytm Money has opened Futures & Options stock market trading for all. India's homegrown digital financial services platform aims to empower the masses with Future and Option (F&O) trading as an important wealth management product.
The company said that it received an overwhelming response for F&O trading on its platform with over 1 lakh requests for its Early Access Program. Trading is now live on the Paytm Money app & website for all. The company said that it has enabled users with the lowest and most competitive brokerage at Rs. 10 for F&O, which is in line with its intraday charges of Rs.10, and zero for delivery.
The pricing disruption will benefit experienced as well as first-time traders to seamlessly trade in futures & options with a best-in-class product, on their mobile and in a secure environment. The F&O platform has seamless UI and easy onboarding that makes F&O trading accessible and feasible for every Indian.
Paytm Money said that during the Early Access Program the company witnessed massive interest coming from tier-III, tierIV, and the rest of India towns in F&O trade. It has also seen a rise in interest in wealth products in the user base below the age of 30 and women investors.
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