The digital fintech startup Paytm has recently announced that it has launched a platform for its users to learn about investing. It has launched a video-based wealth community platform(Currently in beta stage) for the users to learn investing. Let’s look at the further details of the New Community Platform Launched by Paytm for Learning Investments.
Paytm is an Indian based multinational startup company. They are an e-commerce payment system and a financial technology company that has its headquarters located in Uttar Pradesh, India. The company was founded in the year 2010.
The abbreviation of Paytm stands for “Pay Through Mobile” and it encourages it with its famous tagline 'Paytm karo'. The company was founded by Vijay Shekhar Sharma. Some of the company’s products are Paytm Mall, Paytm Payments Bank, Paytm Money, Gamepind, Paytm Smart Retail.
The services offered by Paytm are Payment systems, digital wallets, mobile payments banking, online shopping, etc. Some of the key investors of the company are Ant Group, SoftBank Vision Fund, Warren Buffet’s Berkshire Hathaway, etc.
Paytm Wealth Community
On 26 April 2021, Paytm which is one of the largest fintech companies in India announced that it has launched a platform that is a video-based wealth community to revolutionize the Indians to learn, discuss and trade in the capital markets.
Paytm Wealth Community is considered to be India’s first community which will be based on investing. The platform will be video based and there will be live sessions conducted for the users of the community to ask doubts and discuss on the topics.
The live sessions will be conducted by the industry experts and will cover a wide range of topics for the users such as stocks, futures and options, ETFs, Mutual Funds, IPO, Gold, Fixed Income and Personal Finance.
The platform will provide a chance for users to learn from the experts in the industry, discuss their doubts with them and also chat and grow together with their fellow learners. The users on the platform will discuss on various wealth related topics.
Reason for launching wealth community
In today’s world, the way the youth learn, interact and transact has seen a rapid evolvement. The social interaction between peers has been greatly influenced by the growth of apps and other social media platforms.
It is seen that the social media platform and communities on various other sectors have seen a considerable growth, the digital platforms communities and groups have grown over the years, but there has not been a trustworthy digital platform and a reliable platform for wealth management.
Paytm intends to cover it up and build a trustworthy and reliable wealth management platform for the youth through its new community. It is taking a step to fulfill the requirements of the Indian Investors by launching the platform.
The platform will contain live video content with an interactive chat platform and creators are planning to conduct the sessions for a time period ranging from 30 minutes to 60 minutes. The sessions are expected to be launched in various languages such as Hindi, Gujarati, English and many more.
The platform is under beta testing and Paytm has onboarded a limited set of users. All the creators will have to go through a KYC process which will be a step for ensuring the safety of the retail investors. All the contents will be recorded and checked.
The roadmap of the product and technology is expected to completely transform the user experience. Over the period of time, the users will be able to create a customized discussion room by setting up their creator account and will also be able to chat in a controlled environment.
Paytm expects that the next 100 million capital market investors will be originated through investment communities and social groups and the wealth community of Paytm intends to be a leader and helping the investors to save, trade and invest better.
Paytm has said that users who have received the access to the wealth community launched by Paytm will be able to see a calendar that will have a list of the video sessions available on the platform. The beta testing feature is expected to be for the period of two months and later it will be opened to access to all.
The CEO of Paytm money, Varun Sridhar said that Paytm money was a natural choice by the company for its beta testing platform for the wealth community. Paytm money has direct access to a broad range of investment communities and has a reach across India.
Creating a Personal Brand
Paytm Wealth Community also offers an opportunity for the experts in the industry to create a personal brand by creating their content and sharing their knowledge with millions of budding investors. This will be a platform to create a personal brand in the capital markets industry.
The company is supporting anyone with the required skills and has a significant social impact to create a personal brand. For starting the registration process, they will have to mail to firstname.lastname@example.org.
Who is the current owner of Paytm?
One97 Communications Ltd is the owner of Paytm.
Who is CEO of Paytm?
Vijay Shekhar Sharma is the current CEO of Paytm.
Is Paytm Chinese company?
PayTM is owned by an Indian company by the name of One97 Communications Ltd.
The capital investors in India have seen a significant rise in the last two years because of the pandemic. People are looking forward to growing their wealth through capital markets due to the layoff of jobs. Platforms such as Upstox, Groww, Zerodha and Paytm money has seen a subsequent increase in their user base.
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