Paytm Money enables stockbroking for all; targets 1 mn investors in FY21

The company has already registered 220,000 investors, of which 65 per cent are in the age group of 18 to 30 years

Digital payments company Paytm on Monday announced that it's wholly-owned subsidiary Paytm Money has opened stockbroking access for everyone in the country. The company is targeting a million investors with focus on first-time users from small cities and towns. 

The company in a statement said, "the efforts are aligned to drive higher penetration in investing with an easy to use the product, low pricing (zero brokerage on delivery orders, Rs.10 for intraday) and digital KYC with paperless account opening. 

The company has already registered 220,000 investors, of which, 65 per cent are in the age group of 18 to 30