PhonePe | PhonePe forays into stock trading segment with launch of Share.Market platform
At present, the company provides payments, e-commerce, banking and insurance services
Stay updated with breaking news from Sameer Nigam. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
At present, the company provides payments, e-commerce, banking and insurance services
On Wednesday, the startup launched Share.Market, which enables users to open trading accounts and invest in stocks, mutual funds, and ETFs.
PhonePe said in a statement that Share.Market will elevate discount broking through ‘WealthBaskets, a market research-based technology platform that will provide stock market intelligence.
The app is PhonePe's ‘biggest launch of the year,’ according to CEO and co-founder Sameer Nigam.
While speaking on the sidelines of the launch PhonePe's stock trading platform Share.Market, Nigam said that PhonePe has now become a household brand and a lot of financial services are being distributed on PhonePe, both on the consumer and merchant side.