WhatsApp has become a very important part of our life. WhatsApp is now not only a messenger application for us, but more than this, many things are done with the help of it. Now the facility of money transaction has also started on WhatsApp. In this sequence, a new feature has been added to WhatsApp. Now you can open Demat account with WhatsApp and also pay for IPO through WhatsApp. Trading platform Upstox has launched WhatsApp based services for investors. According to Upstox, it works through WhatsApp from start to finish in the IPO application process. At the same time, the account opening process has been made easy for the customers. Upstox claims that 1 million customers joined its platform in October alone. The total number of its users has crossed 7 million. The company said it aims to grow its customer base to 10 million by the end of 2022.
According to Upstox, both new and old customers will get WhatsApp based service. The company says that the service enables customers to subscribe to any IPO without exiting their WhatsApp chat window. Upstox expects the service to increase the number of IPO applications from its platform five-fold. The process of opening a demat account through WhatsApp has also been made easier and more accessible. Upstox says that it will take just one minute to open a demat account through WhatsApp. The company said that tabs like ‘Upstox Resources’ and ‘Get Support’ will provide customers with all the information related to frequently asked questions in a single click.
Srini Viswanath, Founder, Upstox said, “These features will serve to add new customers and provide an easy and accessible experience for investors. We are looking forward to more and more of the turmoil in the IPO market in the past few days with our company.” Investors see this as an opportunity to connect.” Upstack also clarified that no WhatsApp document will be uploaded nor will any document be sent as an attachment in the chat.
How to transact on Upstox through WhatsApp?
For this, users will have to save the number 9321261098 of Upstox in their phonebook. The latter has to be sent by writing ‘Hi’ on it.
Investing in IPO from WhatsApp:
Step 1: First of all send ‘Hi’ to Upstox number 9321261098.
Step 2: After which you will get some options. Click on ‘IPO Application’.
Step 3: Afterwards enter the registered number. Enter it by generating OTP.
Step 4: Click on ‘Apply for IPO’.
Step 5: Select the IPO you wish to pay for.
Opening a Demat Account on Upstox with WhatsApp:
Step 1: First of all send ‘Hi’ to Upstox number 9321261098.
Step 2: After which you will get some options. Click ‘Open Account’.
Step 3: Enter mobile number. Enter OTP.
Step 4: Enter email address. Enter OTP.
Step 5: Enter the date of birth.