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

HDFC Life inks distribution tie-up with Catholic Syrian Bank

HDFC Life  has entered into a  bancassurance  (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s  1.5 million  customer base across all its branches over a period of time. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES 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

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p...

NBI Industrial Finance Limited

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr  NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...