Business Standard

Buy gold for Re 1: Paytm launches gold sale vertical

New offering is a wealth management product that would be a part of Paytm's proposed payments bank

paytm
Premium

paytm

Karan Choudhury New Delhi
There are not many things that can be bought for a rupee, a candy maybe. But, what if you could buy gold with that rupee? Alibaba-backed online marketplace company Paytm, in tie-up with MMTC’s Swiss venture PAMP SA, is making it possible in a first such initiative anywhere in the world. 

Paytm on Thursday announced the launch of ‘Digital Gold’, a vertical to allow its 200-million plus users to buy, store and sell gold instantly. Founder and Chief Executive Officer Vijay Shekhar Sharma referred to the new offer as a wealth management product that would be a part of its

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in