BackPaytm launches messenger to invest and track markets
The platform will also serve as a marketplace to offer stock recommendations, news insights, and other services
PremiumOne97 Communications Limited that owns the brand Paytm, India’s leading digital payments and financial services platform, today announced that its wholly-owned subsidiary Paytm Money has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets.
The company has launched ‘Pops’, with which users can receive specific information related to their stocks, analysis about their portfolio, market news, and important market movements in an easy to consume format, all in one place.
The platform will also serve as a marketplace to offer stock recommendations, news insights, and other services.
Paytm Money is partnering with InvestorAi to offer stock recommendations based on signals generated using artificial intelligence. The company has also partnered with Daily Brief, which simplifies news by parsing through multiple sources and offering key takeaways.
Over the past couple of years, India has seen a sharp rise in investment activity with many new investors entering the market. While these investors seek to learn & track their investments, there is an abundance of sources providing news, analysis, charts, and other information. This often results in confusion about the investment process. Now, with Pops on the Paytm Money app, these investors can monitor their portfolios regularly and learn from the market movements with alerts curated for them.
Varun Sridhar, CEO, Paytm Money said, “We strive to give our users the best experience with innovative insights that helps them in their investment journey. With Pops, we are leveraging artificial intelligence to offer personalized information on investors portfolio and market movements at one place. We are pleased to partner with InvestorAi, to offer sophisticated stock recommendations and are confident that it will help investors make informed decisions."
Akshaya Bhargava, Chairman and Founder at Bridgeweave said, “We believe in helping investors make better decisions through advanced algorithmic insights and cutting edge predictive artificial intelligence. Our ultimate aim is to close the investment information gap and deliver in-depth insights into the hands of every investor. We are on a wealth enablement journey to help improve financial wellness and our partnership with Paytm Money provides the distribution and delivery for us to reach a wide audience."
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