Paytm expands to Canada, launches utility payments app 

With its Canada launch, Paytm joins the league of startups such as Zomato and Practo which have launched consumer internet apps on foreign shores Spreading its wings to foreign shores, e-wallet firm Paytm today announced the expansion of its bill payment services in Canada. Paytm will not be the first Indian startup to touch foreign shores. Other Indian startups such as FreshDesk, ChargeBee, Capillary Technologies, Practo, Druva, and Zomato have large overseas presence. In a recent conference, Paytm CEO Vijay Shekhar Sharma had said that his aim is to see a 'Paytm' signboard in a US and UK, sometime in future. Speaking on the launch, Harinder Takhar, CEO – Paytm Labs said

  “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 The company has its R&D setup called Paytm Labs located in Toronto since 2014. The lab manages fraud detection, app improvement user interface and customized advertising. The Paytm Canada app will enable users to pay for their cell phone, cable, internet, electricity and water bills along with insurance and property taxes. Founded in 2010 by Vijay Shekhar Sharma, the company has so far raised about USD 760 million from firms such as SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek, and Ant Financial Services Group 

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