Paytm launches its digital wallet play in Canada

BENGALURU: Online digital wallet maker Paytm has launched its mobile payments services in Canada on March 16. It is the company's first foray into an international market.

The payment gateway launched across Canada will allow users to pay for cell phone, cable, internet, water and electricity bills. Users in Canada can also pay insurance and property taxes on the platform.

The company already had a team of data scientists operating out of Paytm Labs in Toronto since 2014. The service was launched by the Mayor of Toronto, John Tory.

“We are excited to announce that starting today, 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,” said Harinder Takhar, CEO of Paytm Labs.

The Noida-based company has close to 200 million wallet users and plans to enrol 1 crore offline merchants by December 2017. The company also raised $177 million for its e-commerce business from Chinese internet company Alibaba Group and its subsidiary, Ant Financial ( Alipay).