Paytm Money is a technology company doing finance, rather than a finance company doing technology, says Pravin Jadhav, who was recently elevated as manging director and chief executive officer of Paytm Money, the wholly-owned subsidiary of One97 Communications that operates Paytm.
In this video, Jadhav talks about how the Paytm Money platform was built with a completely unconventional approach to technology. “While building the app, we focused on simplicity and we took out all the biases that anyone will have while building a product,” he adds.
Paytm Money today does around 5000 new SIP registrations per day and contributes to about 40% of all Mutual Fund SIP registrations made via direct mode. Going forward, the company plans to aggressively ramp up its mutual funds business.
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