Skip to main content

Paytm Launches Its Own Mini App Store

 


has taken the challenge to Google’s Play Store by launching its Android Mini App Store, through which it seeks to help developers take their applications to the masses. This is the start-up’s latest move to break Google’s monopoly over distribution of Android applications.

is providing listing and distribution of these mini apps from within its app, without any charge. Developers will be able to give a choice of Wallet, Paytm Payments Bank, UPI, net banking, and card payments to users.

Mini apps are custom-built mobile websites that give users an app-like experience without requiring an actual download — which will benefit millions of users by helping them save their data and memory. This comes weeks after pulled down the Paytm app from its Play Store temporarily, citing violation of its gambling policies.

Food delivery firms Zomato and Swiggy have also hit the pause button on their sports-based cashback games after the tech giant sent them notices for violating Play Store policies related to sports betting activities — which Zomato has termed as ‘unfair’. Media reports suggest Indian start-up founders have joined hands to create an alternative indigenous 

Paytm has created the digital infrastructure to help small developers and businesses set up low-cost and quick-to-build mini-apps that can be built using HTML and javascript tech.

The company is providing the option to pay via Paytm wallet, Paytm Payments Bank, and UPI at zero charges, while levying a 2 per cent charge for other instruments such as credit cards.

Paytm’s Android Mini offers direct access to discover, browse, and pay without downloading or installing separate apps. More than 300 app-based service providers such as Decathalon, Ola, Rapido, Netmeds, 1MG, and Domino’s Pizza have joined the programme.

“It comes with a developer dashboard for analytics and payment collection, along with various marketing tools to engage with users. This has been running in beta with select users and has witnessed over 12 million visits in September,” the company said in a statement on Sunday.

“Paytm Mini App Store empowers our young Indian developers to leverage our reach and payments to build new innovative services. For Paytm users, it will be a seamless experience that doesn’t require separate downloads and enables them to use their preferred payment option,” said Vijay Shekhar Sharma, co-founder and chief executive officer of Paytm.

Last week, said all apps selling digital goods within Play Store had to use its billing system, which allows the tech giant to collect a percentage of in-app purchases as a fee.

Non-compliant apps that may require technical work to integrate the billing system have been given a year (until September 30, 2021) to complete any needed updates.

PLANET OF THE APPS

  • Paytm offering listing and distribution of mini apps without any charge
  • Mini apps are custom-built websites that do not require a download; helps save data and memory
  • More than 300 app-based service providers like Decathalon, Ola, Rapido, Netmeds, 1MG, and Domino's have joined
  • This follows Google's revocation of Paytm app from Play Store over violation of gambling policies
  • followed up by saying apps that sell digital goods within the Play Store have to use its billing system that allows it to collect a percentage of in-app purchases as a fee

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

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated th...

Zomato, Swiggy score 1/10 on working conditions for their workers – ET Retail

Some of India's biggest startups have ranked near the bottom when it comes to  working conditions  for their gig  workers , according to a report released Wednesday. While  Swiggy ,  Zomato  and Uber India scored 1/10, Urban Company and Flipkart’s logistics arm EKart scored the highest 8/10 and 7/10, respectively, ‘ Fairwork India Ratings  2020: Labour Standards in the Platform Economy’  showed . The report assessed the companies on five principles: fair play, fair conditions, fair contracts, fair management, and fair representation. Deepinder Goyal, chief executive officer of Zomato Media Pvt. Ltd., acknowledged the ratings on Twitter. “Zomato ranked at the bottom of 2020 Fairwork India scores. We knew we had things to work on, but we didn’t know that there is so much room for improvement.” The company takes full responsibility and “will leave no stone unturned to perform better in the rankings next year,” he added. Zomato received a 4/10 in ...

Times Internet posts 24% revenue jump to Rs 1,625 Cr in FY20

  Times Internet has posted a 24% jump in its annual revenue in the financial year ending March, recording Rs 1,625 crore in revenue in FY20. In its annual report, the company  said the revenue growth has been adjusted for seasonality of cricket events. In FY19, it had posted revenues of $196 million. The company has registered a surge across its revenue streams i.e. advertising revenue, subscribers, transaction revenue and gross merchandise value (GMV) in the last fiscal year. While advertising revenue grew 22% with faster growth in music and video, overall subscribers to Times Prime grew 62%.  Times Internet’s annualized GMV in transacting businesses grew 68% with a 75% jump in net revenues, said the company in its annual report. Its subscription and transactional businesses include Times Prime, Gaana Plus, TOI+, ET Prime, and Gourmet Passport.  Times Prime also crossed 2 million subscribers last year. “We broadened our media strategy beyond news, and we focused on...