PhonePe forays into stock broking business, launches Share.Market app
Image Credit: inc42
PhonePe, a Walmart-backed payment app, has launched Share.Market. The new platform allows users to open trading accounts and invest in mutual funds, stocks, and exchange-traded funds (ETFs). This move is part of PhonePe's strategy to capitalize on its 450+ million user base to expand into new categories, including e-commerce and app store development. The announcement marks a significant milestone for the company, signaling the completion of offerings in its financial services bouquet.