Paytm, the digital payment company, will train 6000 individuals over three years, to make them ready for the fintech domain. The tech company has signed a Memorandum of Understanding (MoU) to this effect, with the Directorate of General Training (DGT), Ministry of Skill Development and Entrepreneurship.
The training programme, which will last six months, is designed by Paytm, in consultation with the DGT.
This partnership with DGT, which focuses on the vocational and skill-based training of eligible youth in India, will help increase the availability of trained talent to fulfil the needs of the fintech industry.
The training will cover the fundamentals of the latest financial technology products and financial services. It will also help the trainees hone their skills in terms of communication and sales, and also offer them on-the-job training.
This tie-up is part of an initiative by DGT wherein industry partners help the youth of the country acquire relevant skills that will make them employable in industries where job potential is high.
The programme uses a ‘learn and earn’ model, comprising theory and practical sessions.
The objective is to create a highly-skilled talent pool, which can contribute to the growth of the fintech and digital payments space. Paytm will also offer employment to the eligible trainees post completion of the course.
Meanwhile, Paytm may increase revenue and monetisation methods on its platforms, very soon.