To meet this demand and increasing business , immediate hiring is top priority for mobile payment companies.
Demonetisation has already started showing its effect. No, we aren’t talking about the black money. It has created jobs for around 71,000 sales professionals and more than 2,000 engineers.
The fact is that demonetisation has added a sudden spurt to the mobile payment or e-wallet industry. To be able to match up to this demand and the increasing business volumes, immediate hiring is on a top agenda for these players.
PayTM, which is a leading player in the mobile-payment sector, needs to expand its reach in 650 districts across India. This implies that it will need to hire over 20,000 sales professionals and around 1,000 engineers.
Similarly, Oxigen Wallets has an immediate mandate to hire 50,000 agents at the secondary level for marketing and sales.
The company also plans to hire close to 200 engineers for tech support and 500 for supervising the agents in the short term, to manage the increasing traction.
Mobikwik is yet another country in this space that plans to hire more than 100 engineers from campuses and will add over 1,000 persons to their sales force.
Though the human resources teams in these companies are working round-the-clock to recruit people, and would want them to start as soon as possible, the biggest challenge is to train these new workers and make them job-ready.
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…and what about the thousands who have lost their means of livelihood because they don’t operate paying hefty charges to credit card companies…what about the daily wage earners who have not earned half of what they used to due to unavailability of cash…what about the hours of service lost in standing queues at banks and ATMs…what about debit card charges that wont go away soon…what about thousands who have lost their jobs because the market sentiment has weakened towards investing in India…win for some and loss for many…