Paytm Labs is the Canadian research and development division of Paytm, an Indian mobile payment and financial services company. Paytm Labs is based in Toronto, Ontario, and focuses on developing new technologies related to mobile payments, e-commerce, and financial services. The company was founded in 2014 and has since grown to over 500 employees. Paytm Labs is a subsidiary of One97 Communications, the parent company of Paytm. One97 Communications is headquartered in Noida, India, and was founded in 2000 by Vijay Shekhar Sharma.