Paytm, an India-based mobile payments and commerce company backed by Alibaba, has entered the Canadian market with the launch of its bill payments service in the country.
The company said that Canadian users can now use ‘the Paytm Canada app’ to pay for their cell phone, cable, internet, electricity and water bills.
Additionally, they can also make payment for their insurance premium and property taxes using the new app, which is available on both Android and iOS platform in the country.
Paytm Labs CEO Harinder Takhar said: “We are excited to announce that starting today, 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.”
Toronto Mayor John Tory said: “Toronto is the city for a company looking to locate in North America with our multisector strength and our exceptional diverse talent pool.
“With the Canadian app launch, we look forward to Paytm’s success and being an integral part to its growth story globally.”
In India, Paytm has user base of more than 200 million, and provides services such as payments/recharges, mobile wallets, e-commerce. It will soon launch payment banking services.