Sebi approves Paytm UPI handle for IPO applications

According with Mint, the initiative will help to facilitate fast applications for the IPO. This benefits Paytm UPI handle users to invest in capital markets across any stockbroker and aims to encourage digital users to apply for IPO and build a strong wealth portfolio, the company stated. 

Additionally, Paytm Payments Bank Limited (PPBL) has entered into a partnership with Paytm Money to enable payment mandates for IPO applications. With a mission to bring 10 million Indians to equity markets by FY22, Paytm Money is India's growth enabler for wealth products.

Overall, the platform's stockbroking offering helps with bringing in more active direct equity investors into the segment. Therefore, by enabling Paytm UPI to apply for IPO, millions of investors are enabled to make secure and fast payments, and enhance their financial portfolio.