Which digital payments service provider launched mutual funds App

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Paytm
B	OLA money
C	Amazon Pay
D	Phone Pay
E	None

Explanation:

Detailed explanation-1: -Digital wallet company Paytm today launched its mutual fund app ‘Paytm Money’, with a target to make mutual fund investing accessible for everyone.

Detailed explanation-2: -Paytm (acronym for “pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications.

Detailed explanation-3: -2022 Billionaires Net Worth Son of a schoolteacher from a small city in north India, Vijay Shekhar Sharma founded fast-rising mobile wallet Paytm in 2011. One of the biggest beneficiaries of India’s 2016 demonetization, Paytm has notched up 400 million users and 25 million transactions daily.

Detailed explanation-4: -Paytm Money has various direct mutual fund schemes by several fund houses which you can explore, invest and track seamlessly. It also has a quick and easy process of e-KYC such that investors can conveniently start mutual fund investments. You can invest one time invest (lumpsum) or invest monthly through SIPs.

There is 1 question to complete.