Inc42 UpNext: Can Paytm Money Be Paytm’s Trump Card In The Fintech Race?

  • This week’s focus is on rising digital investments, mutual funds and savings platform Paytm Money.
  • While conventional players in the game like ICICI Prudent, HDFC, Aditya Birla Sun Life etc have been in the game of mutual funds and investment market for a considerable amount of time, former Freecharge exec Pravin Jadhav, who also worked as chief growth officer at Servify for a short time in 2017, felt a huge untapped opportunity in the investment market.
  • ” When you are investing in a mutual fund, advisors, distributors make huge money from your investments regardless of whether you make profits or not….
  • That’s the reality for Paytm today, but when Paytm Money was being founded, out of a population of close to 1.4 Bn, only around 15 Mn people used to invest in mutual funds, at the time when Jadhav was speaking to Sharma.
  • Further, the company is looking to enter the lending market too, where it could utilise customer investments and generate profits.

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