PhonePe introduces share(dot)market, its own stockbroking platform.
A digital payment firm PhonePe said on Wednesday that its affiliate PhonePe Wealth Broking would be entering the stock brokerage business with Share (dot) Market.
According to Sameer Nigam, CEO and Co-Founder of the company, the news represents a critical turning point for PhonePe as it completes its lineup of financial services.
The company had earlier this year launched cutting-edge products like PinCode, but Nigam claimed that this new offering was the greatest launch of the year.
PhonePe claims that Share(dot)Market elevates discount broking by offering market knowledge and a scalable technology platform called WealthBaskets that is based on quantitative research.
Retail investors will be able to buy stocks, execute intraday trades, purchase Curated WealthBaskets, and invest in mutual funds using the dedicated web platform and mobile app that will be made accessible.
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