Mobile-focused e-commerce marketplace Paytm* has introduced an app for Android Wear. The app will let users make quick payments and get wallet updates through their Wear devices. To use the functionality, users first need to download the Paytm app on their smartphones running Android 4.3 or above. On downloading, users will get an option to add the Paytm widget on a synced Android Wear device. The widget will enable users to check their Paytm account as well as make quick payments for ‘Favourite’ items listed on the mobile app. The app will also let users travelling in Uber or using other wallet services check their wallet balance through the wear device, and will allow users to pay for predefined regular transactions for bills and recharges. According to the company, these payments can be made in a single swipe using the Wear device widget. Additionally, order updates or notifications, are also displayed on the widget. This initiative by Paytm is interesting, although we wonder how useful it actually will be. It would certainly be convenient to perform one swipe payments, but would these not cause accidental or prank transactions? Additionally, there are just a couple of Android Wear devices in the Indian market and device penetration is low, so its not clear how many users will be able to take advantage of this. However, its not a bad idea to get a heads up on the competition and launch an app before there is a demand by users to have one.…
