October 5, 2020
2 mins read

Paytm launches own app store

In a bid to support Indian app developers, leading digital payments platform Paytm on Monday launched an Android Mini App Store to support local developers take their innovative products to the masses.

Paytm said it will provide listing and distribution of these mini-apps within its app without any charges. For payments, developers will be able to give a choice of Paytm Wallet, Paytm Payments Bank, UPI, net-banking and Cards to their users.

The move comes after its own app was removed by Google from its Play Store recently.

More than 300 app-based service providers such as Decathlon, Ola, Park+, Rapido, Netmeds, 1MG, Domino’s Pizza, FreshMenu, NoBroker have already joined the programme.

“Paytm Mini App Store empowers our young Indian developers to leverage our reach and payments to build new innovative services. For Paytm users, it will be a seamless experience that doesn’t require any separate download and enables them to use their preferred payment option,” said Vijay Shekhar Sharma, Founder and CEO, Paytm.

Mini apps are a custom-built mobile website that gives users app-like experience without having to download them.

Paytm has created the digital infrastructure to enable small developers and businesses to set up low-cost, quick-to-build mini-apps which can be built using HTML and javascript technologies.

The company provides Paytm wallet, Paytm Payments Bank account and UPI at zero charges and levies a 2 per cent charge for other instruments like credit cards.

The company said that the local India’s app store aims to drive the ‘Atmanirbhar Bharat’ mission.

Paytm Mini App Store offers direct access to discover, browse and pay without downloading or installing separate apps.

It comes with a developer dashboard for analytics, payments collection along with various marketing tools to engage with the users.

This app store has been running in beta with select users and witnessed over 12 million visits in September.

“I am proud that we are today launching something that creates an opportunity for every Indian app developer,” Sharma said.

Google recently pulled the Paytm app from the Play Store for not complying with its gambling policies.

Paytm alleged that it was “arm-twisted” by the search engine major to comply with what it called “biased Play Store policies that are meant to artificially create Google’s market dominance”.

The Paytm app was restored on the Play Store after a gap of a few hours.

Daring Google, the financial services platform this week brought back the Paytm Cricket League with UPI cashback and scratch cards.

Paytm said that the cashback was being given following all rules and regulations set by the government.

After a face-off with Paytm, Google also sent notices to Zomato and Swiggy for running cashback-based IPL games and both the food aggregator platforms decided to pause their virtual gaming leagues.

While Zomato was running Zomato Premier League on its app, Swiggy offered ‘Match Day Mania’ during the ongoing IPL 13 matches.

Also Read: Traders body wants digital payment to curb infection through currency

Previous Story

Pence assumes role of ‘prime Republican campaigner’

Next Story

Bayern ropes in Marc Roca

Previous Story

Pence assumes role of ‘prime Republican campaigner’

Next Story

Bayern ropes in Marc Roca

Latest from Business

Airbus delivers first jet from new China line

Airbus has delivered the first A320neo from its second Tianjin assembly line, expanding production capacity as China’s aviation market continues to grow, reports Asian Lite News Desk Airbus has delivered the first

Hong Kong retains global finance crown in Asia

Hong Kong retains third place in the latest global financial centres index, leading Asia-Pacific while ranking first worldwide in fintech and financial sector development, reports Asian Lite News Desk Hong Kong has

Oracle cuts jobs as AI spending surges

The move follows a substantial reduction in Oracle’s workforce during the company’s latest financial year. Company filings show that its employee count fell by around 21,000, or 13 per cent, during the

India Remittances Surge Over Decade

Digital connectivity has strengthened these links by allowing migrants to share knowledge and expertise remotely while continuing to work and remain economically active overseas…reports Asian Lite News Desk India’s remittance economy has

Apple Bundles TV, Arcade With iCloud+

Apple said the expanded iCloud+ package will roll out in more than 100 countries and regions through the end of September Apple has expanded its technology and subscription ecosystem in India with
Go toTop