Paytm in Canada Expands Digital Payment Options

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Close-up of a contactless payment using a card reader and laptop, highlighting digital security.
Credit: pexels.com, Close-up of a contactless payment using a card reader and laptop, highlighting digital security.

Paytm has made its mark in Canada, expanding its digital payment options to cater to the country's diverse population. With a strong presence in the Indian market, Paytm has successfully adapted to the Canadian landscape.

In 2020, Paytm partnered with various Canadian banks to offer its services to a broader audience. This move allowed Canadians to utilize Paytm's digital payment platform for their everyday transactions.

Paytm's expansion in Canada is a testament to its commitment to providing seamless and secure payment experiences. By leveraging cutting-edge technology, Paytm has made it easier for Canadians to manage their finances on-the-go.

Paytm Expands to Canada

Paytm, an Indian mobile payments startup, has made its mark in North America with the launch of a bill and tax payment app in Canada.

The app allows Canadian users to pay their phone, cable, Internet, and utility bills, as well as their insurance and property taxes.

Paytm's Toronto office is home to a team of data scientists and engineers who focus on developing payment and e-commerce products.

Detailed view of PayPal app icon on a smartphone screen highlighting mobile payment technology.
Credit: pexels.com, Detailed view of PayPal app icon on a smartphone screen highlighting mobile payment technology.

The startup's research arm, Paytm Labs, leverages big data, AI, and machine learning to create new technologies.

Paytm has reached 200 million users, up from 150 million reported in November, with daily transactions at seven million.

With a fast-growing user base and a first North American product launch, Paytm has big plans for future overseas expansions.

Via Mobile App

Paytm has launched a bill and tax payment app in Canada, allowing users to pay their phone, cable, Internet, and utility bills, as well as insurance and property taxes.

The app is available for both Android and iOS users in Canada.

With the new app, Canadian users can pay their bills and taxes seamlessly, just like Paytm's users in India.

Paytm Labs, the research and development division of Paytm, has a team of data scientists and engineers working out of its Toronto office to develop payment and e-commerce products.

The app is a result of Paytm's growing user base, which has now reached 200 million users, up from 150 million reported earlier.

Paytm Labs leverages big data, AI, and machine learning to create new technologies, and the Canadian app is one of the company's first North American product launches.

Frequently Asked Questions

What is the alternative to Paytm in Canada?

For Canadians, alternatives to Paytm include Plastiq, Routable, and Bill Skip, which offer convenient payment options. If these don't meet your needs, we have additional alternatives listed below.

Is Paytm outside India?

Yes, Paytm is available internationally, allowing users to make payments in several countries including UAE, Singapore, and France. Explore Paytm's international UPI feature to learn more about its global reach and capabilities.

Alexander Kassulke

Lead Assigning Editor

Alexander Kassulke serves as a seasoned Assigning Editor, guiding the content strategy and ensuring a robust coverage of financial markets. His expertise lies in technical analysis, particularly in dissecting indicators that shape market trends. Under his leadership, the publication has expanded its analytical depth, offering readers insightful perspectives on complex financial metrics.

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