You can now pay bills through Paytm, not just in India but also in Canada. India’s most used digital payments app Paytm has gone global. Paytm today launched its payment services in Canada marking the entry of the Indian consumer service startup in the Canadian market.
Canadians can now pay their mobile, cable, internet, electricity and water bills through Paytm Canada. Insurance and property taxes can also be paid. According to the app’s description on the App store, “you can pay for your family's bills anywhere in Canada or India.”
Paytm first entered the Canadian market with its R&D division called Paytm Labs in 2014. Over the past two years, Paytm expanded its operations in Canada from being just a two-member team to to a full-fledged team of data scientists and engineers working on technologies for the fast emerging mobile payments and commerce ecosystem.
Speaking of the launch, Harinder Takhar, CEO – Paytm Labs said, “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 welcomed Paytm into the Canadian market. “It’s been a great experience to be home to the Paytm Labs team in Toronto since 2014. 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,” he said.
Paytm has been speaking of its plans to go global for the past two years. As per news reports, in January last year, it entered into a commercial agreement with Alibaba which would allow it to expand its network globally to markets like US, China, Canada, Japan, UK. In return, it gave Alipay, Alibaba’s financial arm access to India’s payment services industry.