Vijay Shekhar Sharma, CEO and founder, Paytm on Thursday announced Rs 10
crore investment for mini app developers on Paytm Mini App Store. The platform was launched recently by the fintech giant days after the
company, along with other startups accused Google of being unfair for charging
30% commission.
“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,” Sharma 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. However, a two percent charge will be levied on
credit cards.
Sharma 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,” he said.
Sandip Ginodia , CEO
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .
Email : ginodiasandip1@gmail.com
Comments
Post a Comment
Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.