PAYTM MINI APP STORE

 "Digital used to be about coding and IT; now it’s becoming a people business"

Suddenly UPI cashback is called an “online casino” by Google ~ PAYTM 

On Friday, 18 September 2020, India’s most preferred payments and financial services app – Paytm was temporarily removed from the Google Play Store.

After that incident , Paytm launched it's own app called PAYTM MINI APP STORE.

Instead of giving native apps and developer tools, Paytm is hosting links to progressive Web apps (PWAs) which are light apps that can run within a Web browser without requiring any installation. As of now, the Mini App Store only has a few apps listed, although Paytm plans to list 300 services in the coming days.

“We are announcing a Rs.10 crore investment fund for mini app developers in this country. This means people who want to build mini apps on our platform will now have an equity investment. And these investment terms will be one of the most lenient investment terms you can expect,” The company said at a digital conference.

The platform will not charge the apps any listing fee to the mini app developers and is providing free payment avenues such as Paytm Wallet, Paytm Payments Bank and UPI.

The company has been very vocal against Google’s move to charge 30% commission. “Paytm Mini App store will bring 1 million apps before Google brings any charging obligation to Indian developers. Our target is to have 1 million apps by the first quarter of 2021,” they said.

By - Raj