Loop Mobile in association with Destimoney has launched mobile trading for subscribers in Mumbai. This is the first of its kind tie-up between an equity broking house and a telecom operator. With the growing use of GPRS services and interactivity on mobile as a utility medium, Loop Mobile in association with Destimoney announces launch of Mobile Trading Service which includes free live stock updates daily, secured real time trading and creation of a demat account for customers. Subscribers need to send a toll free SMS Trading” to 50505 (Prepaid) and 50800 (Postpaid). As a promotional offer, there is no brokerage charge for 1st month.
We are pleased to provide trading as a service on mobile since it represents a unique interest amongst our subscribers in Mumbai. Our partnership with Destimoney is to integrate real time trading on mobile. The launch of the Mobile Trading Portal is in line with our objective of continuously innovating and converging all services on the mobile. This is in synergy with Loop Mobile’s strategic thought of Going for Great offering continuously new and beyond the best to subscribers”, said Surya Mahadevan, COO, Loop Mobile (
With this unique initiative, we aim to reach out to millions of telecom users a sizable number of whom are either active and/ or potential investors thus widening the scope of the market across Mumbai. The portal, with its rich contents and analysis, is cached on the user’s mobile handsets for facilitating quick and seamless experience on Loop Mobile network. Our market leading technology provides a scalable platform for content delivery on a variety of handsets”, said
Any Loop Mobile customer who has internet access through GPRS can download the Mobile Trading Application using his existing unique user id and trade in equities. This platform works across multiple mobile phones.
Destimoney provided the platform used for creating device independent mobile applications and includes comprehensive device database that is updated dynamically as new devices are released to the market. Destimoney’s backend technology ensures that the user will have a good experience, irrespective of the number of mobile users trading via this portal at any given point in time.
By TelecomLead.com Team