Paytm’s shares saw a significant rise today. Around 1:30 PM, the stock of its parent company, One 97 Communications, was trading 5.62% higher at ₹727.65.
The stock opened at ₹697 in the morning and later reached a high of ₹742.50. This surge is mainly due to an important approval from SEBI.
On March 18, Paytm announced through an exchange filing that SEBI had granted approval for its platform, Paytm Money, to offer research analyst services.
This means that Paytm Money can now provide SEBI-compliant investment tips, research reports, and data-driven analysis to users.
New Investment Services on Paytm Money
Following this approval, Paytm’s shares rose nearly 6% in early trading on March 18. The company plans to integrate these research and advisory services into the Paytm Money app.
According to Paytm, this move will improve its investment offerings, enhance the user experience, and provide expert insights for both retail and institutional investors.
UPI Trading Blocks for Automatic Payments
In addition to SEBI’s approval, Paytm recently introduced a new feature called ‘UPI Trading Blocks’ for automatic payment deductions on equity trading apps.
Built on NPCI’s UPI system, this feature ensures that funds are only deducted when a trade is executed, eliminating the need to enter a UPI PIN for every transaction.
This makes the process more transparent, as the investor’s money remains in their bank account until required for a trade.
According to Paytm, users can track and manage their funds through the Paytm app.
Currently, this feature is available for Axis Bank (@ptaxis) and Yes Bank (@ptyes) UPI handles, with plans to expand to SBI (@ptsbi) and HDFC Bank (@pthdfc) soon.
