TIL Desk/Business/Mumbai/ After getting into insurance, e-commerce and banking sectors, fintech unicorn Paytm is all set to dabble into stock-broking services in the next few weeks.
“Payments is the largest revenue for us and a couple of million-dollar revenues comes from that standalone, and then we are industry number two in terms of ticketing and events business and distant number three in e-commerce,” said Vijay Shekhar Sharma, founder and CEO of the Alibaba-backed firm. “We then started to build our financial services stack with banking and we hope to do lending.
“We are good in mutual funds and we hope to do stock brokerage which is expected to launch in the next 2-3 weeks,” he said while speaking at the Global Fintech Fest virtually.
Paytm had received the approval for brokerage services from market regulator Securities Exchange Board of India (Sebi) in January this year.
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