Paytm scouts for 3,000 employees for payment bank operations

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Most of the employees will be brought in for technology roles and requirements.

Paytm is all set to start hiring for its payment bank business. The company will recruit around 3,000 employees to roll out its payment bank services by the first quarter of the next fiscal year.

Amit Sinha, vice-president at Paytm says, “Hiring for Paytm’s payment bank is a key focus area. We have planned to get on board about 3,000 people from banking and non-banking backgrounds, like FMCG, telecom and consulting. We will draw on the expertise of a wide cross section of sectors.”

The payment bank organisation will also require a significant workforce for field jobs, and Paytm would add additional resources from third-party agencies. The majority of the employees will be brought in for technology roles and requirements.

The payment bank aims to open up new opportunities for Paytm’s existing mobile wallet user base by offering new services including debit cards, savings accounts, online banking and transfers. This will enable the Company’s vision of a cashless economy and financial inclusion for all.

The Reserve Bank of India (RBI) had granted an ‘in-principle’ approval to 11 companies earlier this year to set up payment banks under the Guidelines for Licensing of Payment Banks.

 

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