Paytm Money gets nod for stock broking services

Paytm Money, the investment and wealth management arm of mobile payment platform Paytm, has received approval from securities and capital markets regulator
Sebi (Securities & Exchange Board of India) to start stock broking services. 
 
The entry of players such as Paytm will intensify the pricing battle in the retail broking space and squeeze margins further. 
 
Discount broking firms emerged as investors’ favourite in 2018 as Zerodha outpaced other big brokerage firms in terms of client numbers, data available with the National Stock Exchange showed. 

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