Paytm Canada extending payment app services with Paysafe
Paysafe Group, the payments provider, is partnering with Paytm Canada to allow the latter’s users to pay for goods and services using their smartphone.
As part of this deal, Paysafe is processing payments for Paytm Canada – a subsidiary of Indian firm Paytm – as well as providing additional data protection and security services, APIs and its payment gateway.
Carla Erlick, SVP for Paysafe’s ISV Channel, payment processing North America, comments: “Providing customers with a seamless mobile payment experience is central to what we do. We’re pleased to be enabling more ways in which Paytm Canada’s customers can pay with ease through their mobile application knowing their payment is secure. In offering our payment solutions to businesses like Paytm, we are able to help them in enhancing their customer experience in both existing and new markets.”
According to a Nielsen study, approximately one third of Canadians are actively using their smartphone as a mobile payment system with smartphone penetration expected to grow from 68% to approximately 77% in 2022, cited by Statista.
In March 2017, Paytm Canada launched its consumer app to pay bills via their phone.