CURRENT AFFAIRS

Detailed explanation-1: -Notes: Digital payments firm Paytm has recently launched a mini-app store, with an aim to support Indian developers. This initiative is seen as a direct challenge to Google in the App store system. The payment app was earlier temporarily removed from Google’s Play Store for violating developer guidelines.

Detailed explanation-2: -Paytm, India’s leading digital payments ecosystem and fintech company, has launched the Paytm Mini App Store for Indian developers to reach out to its 150+ million monthly users and showcase their innovative and useful products.

Detailed explanation-3: -Mobile Seva Appstore is India’s first indigenously developed app store. Mobile Seva Appstore is a government-owned app store developed by the Department of Electronics and Information Technology (DeitY).

Detailed explanation-4: -Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR. It started off as a prepaid mobile and DTH recharge platform, and later added data card, postpaid mobile and landline bill payments in 2013.

Detailed explanation-5: -But why has Google taken down the Paytm app? According to Google, Play Store prohibits online casinos and other unregulated gambling apps that facilitate or promote sports betting in India. Paytm’s umbrella app promotes fantasy sports, which has repeatedly violated Google’s Play Store policies.