One97 Communication-owned online payments firm Paytm on Thursday announced the launch of its mobile wallet services in Canada.
Users in Canada will be able to pay for utilities such as cell phone, cable, internet, electricity and water bills through the Paytm app. The app will also support payments towards insurance and property tax.
The app is available on Android and iOS platforms.
“Apart from utility bills, users will also be able to pay for their insurance and property taxes by using the new Paytm Canada app,”
said Harinder Takhar, CEO – Paytm Labs.
Takhar will be heading the Canada business. Having started its Paytm Labs initiative in Canada in 2014 with two people focused on engineering and data science for the company, the company has increased the team to 50 people.
John Tory, mayor of Toronto, was present at the company’s Noida headquarters at the time of the announcement.
The Paytm Canada app listing was first spotted by Twitter user Preshit Deorukhkar. The app’s interface divided in two segments for paying Canadian bills and paying Indian bills. The Paytm Canada app promotes that it allows paying Indian mobile bills using Canadian credit cards.
Here are some of the main features of the Paytm Canada app:
Pay Canadian Bills: Paytm Canada helps you make secure and seamless bill payments for thousands of service providers across Canada.
Bill Reminders: A bill reminder will show up 10 days prior to the estimated due date. You will receive multiple reminders until you pay your bill or notify us to stop.
100% Service Assurance: Paytm Canada debits your money only after your bill is paid.
In a blog post, Paytm describes the functions of the new Paytm Canada app,
“Today we’re starting a new and exciting journey by going global. Canadians will now be able to pay for their cell phone, cable, internet, electricity and water bills using the new Paytm Canada app. They can also use it to pay insurance and property taxes.”
Last month, Paytm launched its e-commerce arm, Paytm Mall, which offers consumers combined features of the mall and bazaar concepts. All products listed on the mall will also go through Paytm-certified warehouse and shipping channels. Alibaba and SAIF Partners have put in $177 million and $23 million, respectively into Paytm’s e-commerce arm.