There has been a significant rise in Paytm’s shares today. Around 1:30 PM, the shares of Paytm’s parent company, One 97 Communications, were trading 5.62% higher at ₹727.65.
After opening at ₹697 in the morning, it reached a day’s high of ₹742.50. The surge in Paytm’s stock is due to an important approval from SEBI.
On Tuesday, March 18, Paytm announced through an exchange filing that it has received approval from SEBI to offer research analyst services through Paytm Money.
This means the platform can now provide SEBI-compliant investment tips, research reports, and data-based analysis.
New Services on Paytm Money App
The shares of One 97 Communications saw a nearly 6% increase in early trading on March 18. The newly approved research and advisory services will be integrated into the Paytm Money app.
According to the company, this move aligns with Paytm Money’s goal to enhance its investment offerings, improve user experience, and provide expert-backed insights for both retail and institutional investors.
UPI Trading Blocks for Automatic Payments
Earlier this month, Paytm also introduced an automatic payment deduction feature for trading on equity broking apps.
The ‘UPI Trading Blocks’ system, built on NPCI’s UPI infrastructure, ensures that funds are deducted only when a trade is executed, eliminating the need to enter a UPI PIN each time.
This feature adds transparency, as the money stays in the investor’s bank account until required for a trade.
Regarding this new feature, Paytm stated in an exchange filing that users will be able to 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.
