Paytm offers Rs 10 crore fund for mini app developers

Digital payments platform Paytm announced a Rs 10 crore fund for mini apps developers in India.
Paytm digital payment IndiaPaytm founder Vijay Shekhar Sharma said that “the company is targeting at least one million mini apps to put an end to the victimisation of 30 percent charges Google is putting on all of us.”

Google has been facing criticism from developers after it announced its policy asking them to integrate with the Play Store billing system.

India is expected to overtake the US as world’s largest developer population centre by 2024, according to the Progressive Policy Institute (PPI).

India has 1.674 million app economy jobs as on August 2019, a growth of 39 percent from 1.208 million in 2016. By comparison, the US had 2.246 million similar jobs as on April 2019 and the European Union, including Switzerland and Norway, had 2.093 million jobs as of July 2019.

Google on Monday said it extended the time for app developers in India who use alternative payment system, to integrate with the Play Store billing system till March 31, 2022.

Paytm, which is involved in a stand-off with Google after its own app was removed from its Play Store recently, launched an Android Mini App Store to support local developers take their innovative products to the masses.

Mini apps are a custom-built mobile website that gives users app-like experience without having to download them.