Shares of One 97 Communications Ltd, the parent company of Paytm, experienced a notable jump of 7.54% around 11:30 AM on Tuesday, reaching a trading price of Rs 740.75. This surge came after Paytm Money, a subsidiary of One 97 Communications, received approval from the Securities and Exchange Board of India (SEBI) to operate as a research analyst. This new capability will enable Paytm Money to provide compliant research services, including valuable investment insights, comprehensive research reports, and data-driven analysis.

Paytm Money’s New Role as Research Analyst

In an official communication, Paytm announced the exciting news: “We are pleased to share that Paytm Money Limited, a fully-owned subsidiary of One 97 Communications Limited, has successfully obtained a Certificate of Registration as a Research Analyst from SEBI in accordance with the SEBI (Research Analysts) Regulations, 2014. The registration number for Paytm Money Limited as a Research Analyst is INH000020086.”

• New Services: Paytm Money plans to integrate these research services into its app.
• User Benefits: This initiative will enhance the investment experience by providing expert insights for both retail and institutional investors.

Enhancing User Experience with Innovative Features

Earlier this month, Paytm introduced the UPI Trading Blocks, a feature designed to streamline the stock trading process. This innovation allows automatic payment deductions directly from users’ bank accounts for trades made through equity broking applications. By eliminating the need for traders to pre-fund their trading accounts with large sums, this feature simplifies the trading experience significantly.

Future Prospects for Paytm Money

The recent developments signify a strategic move by Paytm Money to broaden its investment services and improve user engagement. With the new research capabilities, Paytm aims to cater to a wider audience, providing them with expert-backed insights that could empower smarter investment decisions.

In conclusion, the approval from SEBI marks a pivotal moment for Paytm Money, positioning it as a key player in the investment ecosystem and further solidifying its commitment to enhancing financial services for its users.

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