Fintech giant Paytm partners up with Mumbai based PMS Bazaar
- ByTejika Bajaj | December 4, 2021
Fintech giant Paytm’s subsidiary Paytm Money has partnered up with PMS Bazaar, a Portfolio Management Services advisory startup, to launch a PMS Marketplace for HNI (High Networth Individual) Investors.
Talking about the recent collaboration, the CEO of Paytm Money, Varun Sridhar said, “At Paytm Money we have leveraged technology to make investing & trading efficient and transparent. Extending the same to HNI investors, we have partnered PMS Bazaar to launch PMS Marketplace, offering a one-stop shop. The availability of data, tech-led product, and direct access to PMS experts leading to greater trust will get us closer to making Paytm Money, India’s most preferred wealth management platform.”
The platform offers a transparent and comprehensive analysis of all PMS schemes, making it a trustworthy platform for HNI investors. It democratises PMS investing by offering historical data of schemes which would otherwise be unavailable publicly. The marketplace also enables investors to schedule a call with advisors to understand the investment process and risks.
Expressing his thoughts about the recent partnership, the Founder and Director of PMS Bazaar, R Pallavarajan said, “This one-of-a-kind strategic tie-up will leapfrog the penetration of PMS investments in India. Paytm Money’s reach combined with PMS Bazaar’s distribution muscle will herald a new dawn in the PMS space.”
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