Paytm Money gets Sebi nod to offer research services

Paytm Money, the wealth management arm of One 97 Communications, the parent company of fintech firm Paytm, has received a green light from the Securities and Exchange Board of India (Sebi) to operate as a registered research analyst.

With this approval, Paytm Money can now offer Sebi-compliant research services, including investment insights, research reports, and data-driven analysis, according to a stock exchange filing by the company on March 18.

These services will be integrated into the Paytm Money app under its research and advisory offering.


“This milestone aligns with Paytm Money’s objective to expand its offerings in the investment ecosystem, enhance user experience, and provide expert-backed insights to both retail and institutional investors,” the Noida-based company said in the filing.

Earlier this month, Paytm announced that its Unified Payments Interface (UPI) service would allow brokerage applications to block funds directly in bank accounts. In a March 4 exchange filing, the company said Paytm UPI supports UPI Trading Blocks, a feature designed to simplify trading by enabling users to set up automatic payment deductions from their bank accounts.

In February, Vijay Shekhar Sharma, founder and CEO of Paytm, said that the company would focus on payments, credit and wealth management over the next two years, while reducing non-core business operations. He also noted that Paytm is on track to deliver a profit after tax in the next quarter.

For the October-December quarter, Paytm reported an operating revenue of Rs 1,827 crore, down 35.8% year-on-year, largely due to a Reserve Bank of India action halting the operations of its associate entity, Paytm Payments Bank. The company reported a net loss of Rs 208.5 crore, slightly lower than the Rs 221 crore it recorded a year earlier.

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