Paytm rolls out Futures & Options trading feature at Rs 10 per order; early access for 500 members
Paytm Money on Wednesday launched an initial version of Futures and Options (F&O) trading feature for 500 members, strengthening its 'financial inclusion' policy for India, the startup announced in an online press conference.
The F&O trading will cost Rs 10 to the users, the cheapest rate in the country so far, the company claims. The final version of the feature for all Paytm Money users will be available in two weeks, Paytm Money CEO Varun Sridhar was quoted as saying by YourStory.
"Our app is not aimed at catering to ultra-HNIs who have a team of ten people advising them and who make 5,000 trades every day," he said.
"We've made the app for middle-class India, and we've made sure it is easy to understand."
The startup aims to clock Ra 1.5 lakh crore daily over the next 18-24 months