“We are announcing a Rs 10 crore investment fund for mini app developers in this country. This means people who want to build mini apps on our platform will now have an equity investment. And these investment terms will be one of the most lenient investment terms you can expect,” Sharma mentioned at a digital convention.
The platform is not going to cost the apps any itemizing price to the mini app builders and is offering free cost avenues resembling Paytm Wallet, Paytm Payments Bank and UPI. However, a two % cost shall be levied on bank cards.
Sharma has been very vocal in opposition to Google’s transfer to cost 30% fee. “Paytm Mini App store will bring 1 million apps before Google brings any charging obligation to Indian developers. Our target is to have 1 million apps by the first quarter of 2021,” he mentioned.