India, March 20 -- Day after Paytm's parent One97 Communications said that its wholly-owned subsidiary Paytm Money, received approval from the SEBI to act as a research analyst, brokerage firm Motilal Oswal has said that this opens a new opportunity for the company to diversify into wealth management, thus, potentially unlocking a "new stream of fee-based income".

Besides, the brokerage in its report also accounted for Paytm's aggressive overseas expansion. It expects the company to gain traction in onboarding new customers and expand its MTU base, which will enable healthy cross-selling, while growth in the merchant business will remain the key profitability driver in the near term.

In a report released today, Motilal underlined its ta...