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PhonePe launches its stock broking platform ‘Share(dot)Market’

By Gloria Mathias

August 31, 2023

  • Digital India
  • Digital Payments
  • Digital Wealth Management Investment Platform
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PhonePe, FinTech, Digital Payments, Insurance Platform, Monthly Subscriptions, Digital Payments, UPI, Insurance Broking, Income Tax Payments, IndiaPhonePe has announced its entry into stock broking with the Share(dot)Market, under its subsidiary PhonePe Wealth Broking.

Share(dot)Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and great customer experience for investors and traders alike.

Share(dot)Market is available as a mobile app and a dedicated web platform, enabling retail investors to Buy Stocks, do Intra Day trades, and buy Curated WealthBaskets and Mutual funds.  PhonePe users can install the app as well as access the web platform by using their PhonePe-linked mobile numbers. Once they log in, they can complete the KYC process to activate their Broking and Demat accounts.

Investors and traders will gain access to wealth-building opportunities powered by real-time, value-rich insights and intelligence, embedded into products and DIY tools deeply integrated with execution experience, enabling them to make informed decisions. The platform will also host a dedicated Markets section to track the stock market, Indices, Stocks, and Sectors with an intuitive Watchlist tracker.

Ujjwal Jain, Chief Executive Officer (CEO), Share(dot)Market shared, “We are delighted to launch Share(dot)Market which further enables our vision of driving Financial Inclusion at a population scale. We believe Share(dot)Market will propel this growth with the backing of our technological prowess, reach, seamless onboarding, and superior product experience. Our goal is to offer the benefits of Discount Broking while creating lasting value for our customers as they invest and trade. We will continue to invest in advanced technology, data, research, and immersive experiences to offer these benefits at scale and drive this new era of Value-led Discount Broking coupling intelligence with Broking.”

Sujit Modi, Chief Investment Officer (CIO), Share(dot)Market said, “Share(dot)Market will bring newer demographics into Broking helping them get started on their investing journey with off-the-shelf Quant research-led offerings including WealthBaskets. With our user-friendly interface which will integrate global standard quant research-based Wealth Solutions with Broking for research-led guidance, we aim to reshape the way investors and Traders engage with the stock market.”

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