By 121 News
Chandigarh, Dec. 21, 2024:-Paytm Money, India's home-grown Wealth Tech app, has launched the 'Pay Later' Margin Trading Facility, allowing investors to buy and invest in stocks by paying just a fraction of the total value upfront. The platform will fund the balance amount and charge a nominal introductory interest of 1% per month on trades executed through 'Pay Later' (MTF). This enhances investors' ability to capitalize on market opportunities and ensures that investors pay only for the funds they actually use.
This launch of Pay Later (MTF) on Paytm Money would benefit traders and investors by making trading more accessible and flexible, particularly to those looking to enhance their exposure to the stock market without committing the full capital upfront. Additionally, it democratises stock market participation, making it easier and more affordable for retail investors across the country.
As part of its commitment to providing a seamless experience, Paytm Money has designed the Pay Later (MTF) activation process to be simple and user-friendly. Investors can activate Pay Later (MTF) in a few minutes directly through their account settings, in a seamless way. Alternatively, users can enable Pay Later (MTF) while placing an order for any eligible stock by selecting the 'Margin' option and agreeing to the terms and conditions right on the order page.
Rakesh Singh, MD & CEO, Paytm Money said that we are committed to simplifying investments and enhancing financial accessibility. Our 'Pay Later (Margin Trading Facility)' enhances the purchasing power of investors, especially those looking to increase their exposure to the stock market without committing the full capital upfront. This initiative aligns with our goal to democratize financial growth, making stock market investing more affordable and accessible to a broader audience.
The platform has introduced a limited-time affordable interest rate of 1% per month, which will be valid until 31st March 2025. With nearly 1,000 MTF-enabled stocks and competitive interest rates, it will enable traders and investors to optimise their investment opportunities with limited funds.
Paytm Money also offers 'Margin Pledge' through which traders can use their stock holdings to get leverage for their trades. With Pay Later (MTF), traders have another facility to use the power of leverage. It has also broadened its extensive range of services including the launch of the BSE Futures & Options (BSE F&O) trading service giving traders the option to trade SENSEX and BANKEX Option contracts.
Notably, Paytm Money recently unveiled a newly redesigned app in a major revamp to simplify investing and enhance user experience. The revamped app features an intuitive interface, personalized dashboards, and smarter tools to empower investors at every step. With enhanced portfolio insights, improved transaction flows, and actionable dashboards for Stocks and F&O trading, the new app caters to the evolving needs of modern investors.
No comments:
Post a Comment