Paytm, Noida-based e-payment and e-commerce company, has announced the launch of mobile wallet services in Canada. John Tory , mayor of Toronto, was present at the company’s Noida headquarters at the time of the announcement. Paytm Canada app is now available in Google Play store and iTunes.
Using Paytm Canada app, Canadians can pay for their internet, cable, electricity, water, and cell phone bills. Also, insurance premiums and property taxes can also be paid using the app. One can also pay postpaid bills of Indian phone numbers; however, it may take two to three hours for processing the payments. It reminds users about bill payments from ten days before the due date.
Paytm said in a blog post that it started operations in Canada by setting upPaytm Labs with a two-member team residing in Toronto, and now Paytm Labs has a team of fifty-five members. The company has been leveraging trending technologies like Big Data, Machina Learning, and Artificial Intelligence to understand the Paytm's data assets, thus, creating innovative products to boost its business.
“Consumers in Canada will be able to access the seamless Paytm experience that is already well known in India for its convenience. We are confident that Canada will be a very successful market for us,” saysHarinder Takhar , CEO of Payatm labs.
However, the road to success will not be easy for Paytm, as it faces tough competition from established players like UGO wallet, Apple Pay, Royal Bank of Canada mobile wallet, etc.
Using Paytm Canada app, Canadians can pay for their internet, cable, electricity, water, and cell phone bills. Also, insurance premiums and property taxes can also be paid using the app. One can also pay postpaid bills of Indian phone numbers; however, it may take two to three hours for processing the payments. It reminds users about bill payments from ten days before the due date.
Paytm said in a blog post that it started operations in Canada by setting up
“Consumers in Canada will be able to access the seamless Paytm experience that is already well known in India for its convenience. We are confident that Canada will be a very successful market for us,” says
However, the road to success will not be easy for Paytm, as it faces tough competition from established players like UGO wallet, Apple Pay, Royal Bank of Canada mobile wallet, etc.
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