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Paytm goes global via Canada

North American foray sign of Indian payment app's bigger ambitions

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Digital wallet company Paytm already has more than 200 million registered users.   © Reuters

MUMBAI Paytm, the Alibaba-backed financial technology startup from India run by One97 Communications, has launched its bill-payment app in Canada as a first step in an ambitious global expansion plan.

"This is just the beginning," Paytm's blog said. "We'll soon expand our services by adding a full lineup of new use-cases that will make life easier for consumers. Canada has all the right ingredients -- a mature, smartphone-ready population, [and] an environment that greatly promotes innovation in the fintech space." Paytm also said it saw scope to "greatly" improve the bill-payment experience there.

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