PayTM Labs is a mobile application created in Canada, where the users of the app get to pay many of their bills online from this single app.
PayTM is the largest mobile payments company in India and it has been in operation in Toronto since 2014. Harinder Takhar is the head of PayTM’s Canadian unit. This company is worth $10 billion and now has 70 employees.
PayTM’s mobile app for Toronto users was launched in 2017 with the aim of offering the users a one-stop place to pay all their bills. The company has decided to expand the network of its app by offering a rewards program for the users to increase their customer base.
Harinder said that PayTM has many data, scientists in the Toronto office than in any other place. The company is profited by this huge resource of skill. The financial sector of Canada is really good and there are a lot of universities in one area.
Harinder said that he does not have any major issues or complaints with the regulatory system in Canada. He was also happy that he just needs to get one or two approvals in Canada to launch his new PayTM app. If this was to be done in the US, then he would have had to run n from pillar to post and get at least 40 different licenses to get approval for the app.