One 97 Communications Ltd. has launched a groundbreaking feature that allows seamless trading on broking apps through Paytm UPI. This innovation, known as UPI Trading Blocks, enables automatic payment deductions directly from users' bank accounts, eliminating the need for large fund transfers to trading accounts. As a result, funds remain accessible and continue to earn interest until needed for trades. Currently available for Axis Bank and Yes Bank users, this feature promises to simplify stock trading for investors, ensuring a secure and efficient transaction experience.
Sources: Paytm Press Release, Economic Times, Business Standard