Kolkata/IBNS: One97 Communications Limited that owns digital payments and financial services platform Paytm, Thursday, announced that its wholly-owned subsidiary Paytm Money has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets.
The company has launched ‘Pops’, with which users can receive specific information related to their stocks, analysis about their portfolio, market news, and important market movements in an easy to consume format, all in one place, the company said in a release.
The platform will also serve as a marketplace to offer sophisticated stock recommendations, news insights, and other services.
Paytm Money is partnering with InvestorAi to offer stock recommendations based on signals generated using artificial intelligence.
The company has also partnered with Daily Brief, which simplifies news by parsing through multiple sources and offering key takeaways.
Over the past couple of years, India has seen a sharp rise in investment activity with many new investors entering the market.
"While these investors seek to learn & track their investments, there is an abundance of sources providing news, analysis, charts, and other information. This often results in confusion about the investment process. Now, with Pops on the Paytm Money app, these investors can monitor their portfolios regularly and learn from the market movements with alerts curated for them," the company said.
Varun Sridhar, CEO, Paytm Money said, “With Pops, we are leveraging artificial intelligence to offer personalized information on investors portfolio and market movements at one place. We are pleased to partner with InvestorAi, to offer sophisticated stock recommendations and are confident that it will help investors make informed decisions.”
Akshaya Bhargava, Chairman and Founder at Bridgeweave said, “We believe in helping investors make better decisions through advanced algorithmic insights and cutting edge predictive artificial intelligence. Our ultimate aim is to close the investment information gap and deliver in-depth insights into the hands of every investor. We are on a wealth enablement journey to help improve financial wellness and our partnership with Paytm Money provides the distribution and delivery for us to reach a wide audience.”