Moving one step further, India’s leading mobile commerce platform, Paytm has announced the launch of its app for Android Wear. The newly launched Paytm app will allow shopping & payments from Android wearable and watches.
The app is stylish, powerful and super convenient for making quick payments and getting wallet updates through your Android Wear device. Android Wear is a version of Google’s Android operating system designed for smart-watches and other wearables. It connects your phone to your wrist and works with phones running on Android 4.3 or higher.
Speaking on the launch of the service, Rahul Saini – Vice President of Product Design, Paytm said, “This is yet another step towards making payments convenient and enabling cashless transactions for millions of existing Paytm users on Android. Wearable technology is the way of the future and its mainstream usage is finally here. We at Paytm believe in keeping pace with every new trend and possibility to offer maximum consumer convenience.”
How it works
Users simply have to download the latest Paytm app from Google Play and they can start seeing the app in their Android watches. All they need to do is choose the widget and explore all the possibilities that open up with Paytm and Android Wear.
Users get to predefine their regular transactions such as recharges and bill payments. With a simple swipe on Android Wear, they can then make these payments in an instant. While travelling in Uber or using other wallet services, checking wallet balance is possible through the Wear device. Not only that, order updates are also available right on the Wear device.
In a similar development, Flipkart had launched its app on Android wear last year in November.
Founded in 2010, Paytm is owned-by a leading mobile internet company One97 Communications. It has about 22 Mn app users, which is more than the number of credit card users in this country, with 15,000 merchants accepting its wallet. The company claims to cater more than 30 Mn orders of various digital and physical goods every month.
The five-year-old company is heavily backed by many international investors like Alibaba and Singapore-based Temasek Holdings which had invested more than $500 Mn in Jan 2015. Last year in Dec 2014 the company announced its foray in International markets too. Recently, Paytm has also announced its plans to set up 30,000 to 50,000 offline retail outlets to help people for a cashless exchange and provide basic customer care.
