Ahead Of IPO, Fintech Major Paytm Set To Hire Over 20,000 Sales Executives: Report

Ahead Of IPO, Fintech Major Paytm Set To Hire Over 20,000 Sales Executives: ReportPhoto Credits: Medium/Paytm Blog

Financial technology major Paytm is set to hire over 20,000 field sales executive to promote the products across the company’s ecosystem.

The development comes as the company is set to launch its initial public offering (IPO) before the end of this year.

The new recruits will be hired from across the country and will have an earning potential of around Rs 35,000 per month. The fintech major will use these recruits to promote it entire portfolio of products including QR codes, POS machines, Paytm Soundbox as well as other services such as wallet, UPI, Paytm Postpaid, merchant loans and insurance offerings, sources were quoted by Economic Times as saying.

It should be noted that the hiring by the fintech major comes as it is facing stiff competition from several of its rivals, including Google Pay and PhonePe.

The Noida-based firm had recently launched its field sales executive programme under which it aims to provide employment opportunities to undergraduates.

According to NPCI data, as of May, Paytm had around 11 per cent market share in UPI transaction, while its rivals PhonePe and Google Pay had 45 per cent and 35 per cent market share respectively.