India: Paytm Money aims to hit 10m users by FY22

India: Paytm Money aims to hit 10m users by FY22

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Paytm Money on Wednesday said that it is targeting 10 million users and over 75 million transactions by FY22.

The wealth management arm of Paytm offers services such as investments in mutual funds, stocks, initial public offerings (IPO), digital gold, futures and options (F&O), and exchange traded funds, and claims to have more than 7 million users. It has recently clocked ₹5,000 crore in direct mutual funds investments.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter