EFT Report, Bengaluru: Electronic payments and commerce company Paytm is looking to hire
3,000 people to roll out its payments bank services by the first quarter of next
fiscal. The Alibababacked firm has got on board Ernst & Young and McKinsey
to help in the hiring process, an executive from the company said.
Paytm has over 104 million wallet users at present and plans to add another 50 million by the end of March. According to sources, the structure of the executive committee for the payments bank is being given shape while Paytm awaits a final nod from the Reserve Bank of India (RBI).
Paytm's hiring plans come at a time when a few tech startups have streamlined their businesses by laying off employees. While a payments bank is a completely new business for Paytm, it is also simultaneously looking to add another 400 people to its existing employee base of about 4,400.
Paytm has over 104 million wallet users at present and plans to add another 50 million by the end of March. According to sources, the structure of the executive committee for the payments bank is being given shape while Paytm awaits a final nod from the Reserve Bank of India (RBI).
Paytm's hiring plans come at a time when a few tech startups have streamlined their businesses by laying off employees. While a payments bank is a completely new business for Paytm, it is also simultaneously looking to add another 400 people to its existing employee base of about 4,400.
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