- Offers flexible SIP options (daily, weekly, or monthly) for young professionals and first-time investors looking for adaptable investment opportunities
- Aims to empower merchant partners to make their first investment, helping them build long-term wealth for their business
- Paytm pioneered QR code payments in India, driving the shift to mobile payments – now, it aims to bring the same transformation to the investment sector
- This is in line with the Government of India’s vision for a Viksit Bharat by enabling financial inclusion and empowering citizens to invest in their future
NE BUSINESS BUREAU
AHMEDABAD, FEB 18
Paytm (One97 Communications Limited), India’s leading payments and financial services distribution company and pioneer of QR codes, Soundbox, and mobile payments, has announced that its wholly owned subsidiary, Paytm Services Private Limited (PSPL), an AMFI registered mutual fund distributor, ARN-114595, is now making it easier for millions of Indians to invest in their future. In partnership with SBI Mutual Fund, India’s largest asset management company, Paytm has launched the JanNivesh ₹250 SIP, in line with the Government of India’s vision for a Viksit Bharat by enabling financial inclusion and empowering citizens to invest in their future.
This initiative, launched by SEBI Chairperson Madhabi Puri Buch and SBI Chairman C S Shetty on Monday, enables users to begin their investment journey with just ₹250, making financial growth accessible to all.
The JanNivesh SIP initiative is aimed at empowering citizens to contribute towards India’s financial and economic growth. It offers individuals a simple, affordable entry into wealth-building through small, regular investments, facilitating participation in key financial instruments with just ₹250. Additionally, it provides flexible SIP options – daily, monthly, or weekly contributions – to suit varied financial needs and preferences. This step is pivotal in encouraging financial literacy, economic inclusion, and supporting the Viksit Bharat journey.
The company aims to empower Paytm’s merchant partners by offering them the opportunity to make their first investment, helping them build long-term wealth for their business. This initiative is designed to improve their financial stability and contribute to the broader vision of financial inclusion and economic empowerment. Paytm is committed to supporting the growth of its merchant partners and strengthening the financial foundation of their businesses.
