Ant-backed Paytm Money looks to tap India’s stock trading mania

Ant-backed Paytm Money looks to tap India’s stock trading mania

Photographer: Dhiraj Singh/Bloomberg

India’s highly competitive stock broking industry has a fierce new challenger.

Paytm Money, a unit of the nation’s largest digital-payments startup Paytm which is backed by Chinese billionaire Jack Ma’s Ant Group, is aiming to build a top stock broker by helping local retail investors avoid the biggest investing hazard — getting burned during a down cycle and quitting for good.

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