Paytm to shut down Canada app, says 'had to make tough business decisions'

Vijay Shekhar Sharma-led Paytm will shut down its Canada app, which was launched in 2017, on March 14. It has already disabled scheduled payments on the Paytm Canada app. "During these unprecedented times we've had to make some tough business decisions," Paytm said while making the announcement. Notably, the company's shares sank during its market debut in India in November.