Paytm Money, the wealth management platform, is all set to launch a technology development and innovation centre in Pune, as part of its expansion plans. Given the fact that Pune has a great talent pool and is known for its infrastructure, the location seems apt.
Over 250 data scientists and front-end and back-end engineers will be hired for the Centre, which will focus on building new products and services for its investors and investment users.
The Company is looking out for quality engineering talent to help take forward its commitment to ensuring great user experience, for which it requires advanced operations, infrastructural agility and domain expertise.
The aim is to use technology to its advantage and to reduce costs for consumers, even while offering stability and innovation.
The platform hopes to have more than 10 million users and 75 million annual transactions in 2021, with maximum users from the tier 2 and 3 cities.
Its products include equity broking, IPO, ETF and FNO along with digital gold. Digital gold offers investors an opportunity to own physical gold with the advantages of new-age technology that does away with the botheration of examining physical gold to determine purity or having to store it.
The platform hopes to spread awareness amongst Indians about various services. Since millennials are keen to adopt disruptive technologies and India is home to 34 per cent of the world’s millennial population, Paytm Money seems to be on the right track.