Paytm earmarks up to Rs100 crore for Paytm Money’s wealthtech push
Paytm will invest up to Rs100 crore in Paytm Money for technology, regulatory capital and expansion in broking, margin trading and AI-led wealth products. The move targets higher monetisation as it competes with Groww, Zerodha, Upstox, Angel One and Dhan.
Paytm approved up to Rs 100 crore for Paytm Money to fund wealthtech expansion, technology and regulatory capital. It is targeting higher monetisation from equity broking, margin trade funding and AI-powered wealth products despite the RBI cancelling its payments bank licence.
Why this matters
The investment follows Paytm’s Q1 profit rising 79% to Rs220 crore and revenue growth of 28%, signalling a push to build higher-monetisation financial-services revenue through Paytm Money.
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