After successful in Mutual Funds, Payment Solutions Company, Paytm is process of increasing in financial services. The company is about to launch its Stock broking service in the next few months. The company is also going to launch a loan distribution.
According to the Sources, Paytm is going to move into stock broking. Now users will be able to Buy and sell stock on Paytm platform. Paytm Chief Founder Vijay Shekhar Sharma said that the company will start these projects in the next few months. He said that he was most excited about stock broking.
The company will work with banks and non-bank financial companies and asset management companies. Paytm will offer insurance and Wealth Products to its users by banks and companies.
Vijay Shekhar also said that even though the company is launching financial services, its focus will be on payment solutions. These new services will be like the expansion of the bus company.
Sharma believes that this is a great opportunity for the company. And really, this would be a big expansion for the company. Founded as an online wallet, the company is one of India largest startup companies. Now the company is expanding even outside India. It has already started from Japan.
According to the company, they got good response in Japan and now they are preparing for their expansion in some other countries.