large scale image
LCP Image

Back to TSCFM News

Digital payments firm Paytm has launched mini app store

October 05, 2020

Digital payments firm Paytm has launched mini app store

Advanced installments firm Paytm has launched a scaled down application store to help Indian designers, in an immediate test to Google’s predominance in the space.

The launch of the store follows the payments application being incidentally taken out from Google’s Play Store on 18 September for abusing designer rules on genuine cash gaming.

While the evacuation of the application might be a trigger, Paytm’s move is maybe an immediate aftermath of Google ordering that engineers recorded on its Play Store utilize its billing service. Google imposes a 30% commission on any exchange made for a digital item or services through its in-application charging framework.

Paytm said the smaller than normal application store will assist designers with taking their items to the majority and is giving posting and conveyance of these scaled down applications inside its application. Adversary PhonePe dispatched its in-application stage in June 2018 and rebranded it to PhonePe Switch in October 2019.

More than 300 applications, including Decathlon, Ola, Rapido, Netmeds, 1MG, Domino’s Pizza, FreshMenu, NoBroker, have joined the Paytm application store, the organization said.

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp