Indian mobile-first financial services company Paytm, which earlier has launched a messaging service ‘Inbox’,  is all set to venture into wealth management and for this the company is in the final stages of integration with multiple asset management companies (AMCs).

Paytm Plans to Start 12 AMCs

Paytm Money, which will be go live with its separate application on the app store, will start with 12 AMCs and eventually bring in more than 25 after the formal launch. The company has already received initial registrations from interested consumers.

“One hundred percent of initial registrations received are from retail customers and around 90% of them are from mobile phone users, which shows people growing comfort with financial transitions on the mobile phone” said Pravin Jadhav, senior vice-president with Paytm Money.

Paytm to Start with Mutual Funds

According to the initial plan, Paytm is all set to start with mutual funds, which have been riding a huge wave of early adoption across Indian markets, and is also planning to take the product to places where physical distributors are not present.

Leave a Reply

EXPLORE THE LATEST

EXPLORE THE LATEST

That answer every ifs and buts of digital marketing

Stay ahead with deeper understanding of the trends and up-to-date marketing tactics; all tried & tested in the ever-growing digital space.

Looking to
Achieve your Goals?

Let us help you
get there!

We're a digital agency focused on
creative and results-driven solutions.

Start With
Submit Form Below