• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Paytm Mini App Store Targets a Million Apps by Q1 2021 to Take on Google

Juliet Woodard by Juliet Woodard
October 8, 2020
Home Technology
Share on FacebookShare on Twitter

Alibaba-backed Indian fintech firm Paytm is aiming for a million apps on its “mini app store” by the first quarter of 2021, it said on Thursday, seeking to challenge the dominance of Alphabet’s Google in India’s mobile web economy.Paytm founder Vijay Shekhar Sharma called Google “judge, jury and executioner” after his app was temporarily removed from the Android app store last month for a policy violation. On Thursday, he kicked off his company’s “Mini App Developer Conference” by calling Google a “toll collector”.Google, whose Android operating system powers nearly 99 percent of India’s roughly 500 million smartphones, has faced criticism from several startups in the country over a move to enforce its global policy more strictly and charge a 30 percent commission for in-app purchases.That criticism led the US tech giant this week to defer by six months its deadline for Indian companies to comply with the new billing system.Paytm’s Sharma is trying to use the discontent to attract business to his newly launched mini app store, which is hosted within the Paytm app. He has vowed not charge domestic app developers any fees.”Neither a company from the East, nor a company from the West, if someone will rule India it will be an Indian company,” Sharma said in the virtual conference.Google did not immediately respond to a request for comment.A mini application is typically hosted within a bigger app and the user experience may not be as seamless as a standalone app, but it can save app developers the time and money involved in building more complex apps.Paytm’s mini app store will allow “app developers to, for good, forget about going through somebody else’s kingdom or roads,” Sharma said.Paytm, also backed by Japan’s SoftBank and Warren Buffett’s Berkshire Hathaway, will create a Rs. 10,00,000 fund for India’s mini app developers, Sharma added.For Google, the face-off against Paytm and other Indian app startups creates a new problem in one of its top growth markets, where it has committed to spend around $10 billion (roughly Rs. 73,265 crores) over the next five to seven years through equity investments and tie-ups.Google also faces four antitrust cases in India, the latest of which alleges the Mountain View, California-based tech giant abused its Android operating system’s dominant position to garner an unfair advantage in the smart TV market.Google has denied any wrongdoing.© Thomson Reuters 2020Disclosure: Paytm’s parent company One97 is an investor in Gadgets 360.OnePlus 8T leaked specs look great but where is the cheaper Nord? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Juliet Woodard

Juliet Woodard

Next Post
Despite Option To Pause Payments, 400,000 Homeowners Fall Behind On Their Mortgage

Despite Option To Pause Payments, 400,000 Homeowners Fall Behind On Their Mortgage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

15 Key Considerations When Investing In Your First Property

15 Key Considerations When Investing In Your First Property

August 31, 2020
Google Pixel 5 5G, Pixel 4a 5G Tipped To Launch on September 30

Google Pixel 5, Google Pixel 4a 5G OTA, Factory Images Published for the First Time

October 16, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Should You Consider A Career As An Apartment Lease-Up Specialist?

Should You Consider A Career As An Apartment Lease-Up Specialist?

February 4, 2021
WeWork May Use A SPAC To Finally Go Public, Report Says

WeWork May Use A SPAC To Finally Go Public, Report Says

January 28, 2021

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Housing Affordability Inches Down, Despite Record-Low Mortgage Rates

Mortgage Rates Hit Highest Point Since Last July; Will They Keep Rising?

March 3, 2021
How Much Bezos, Musk, Gates and Zuckerberg Would Pay

How Much Bezos, Musk, Gates and Zuckerberg Would Pay

March 3, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.