SanKash, the travel fintech company offering financial services to the travel market, has today announced its intentions to hire at least 500 professionals in India, over the next six months. All these hires will cater to the Company’s existing travel merchant base of 6000, spread across 250+ cities.
The Company comprises travel enthusiasts and finance technocrats who together offer a plug-n-play API platform that allows merchants to embed a single ‘pay later’ button at the checkout by aggregating multiple consumer financing providers.
Through SanKash, travel merchants allow travellers to spread the cost of their travel into convenient payments spread over a period of three to 12 months. The Company focuses on designing products and solutions which help travel payments work for travel merchants, lenders, as well as travellers.
According to Abhilasha Negi, co-founder and head-HR, SanKash, “The travel and tourism market in India is anticipated to touch $125 billion by FY27 from an estimated $75 billion in FY20. Along with the surge, the travel merchant base is also witnessing blitzkrieg expansion”.
With travel picking up post the pandemic, “travel merchants are seeing significant growth in bookings compared to the bygone year as consumers’ confidence is gradually returning.”
The tourism sector is propelling the country’s economic growth and creating large-scale job opportunities. The sector contributed 5.8 per cent or about Rs 13,161 billion to India’s GDP last year, that is, in 2021.