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1 min read
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Paytm Money demonstrated strong momentum in April by posting a 4% growth in active client numbers, outpacing competitors like Dhan, according to recent reports. This uptick reflects growing investor confidence in digital investment platforms, driven by increasing adoption of mutual funds and stock trading through mobile apps.
The fintech firm’s growth contrasts with broader economic signals, as India’s wholesale inflation rate eased further to 0.85% in April from 2.05% in March. This moderation in inflation could encourage greater retail participation in financial markets, benefiting digital wealth management services.
Paytm Money’s rising active user base underscores the expanding role of fintech in India's investment landscape, signaling increased market penetration and evolving investor preferences.
Reference: The Economic Times, The Hindu Business Line
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