Noida: The new employees of fintech giant Paytm will be expected to earn around Rs 35,000 per month. The company is set to launch its Rs 16,600 crore IPO by October.
Paytm is hiring over 20,000 regional sales executives across the country ahead of its initial public offering (IPO). The move by the fintech major comes in the backdrop of stiff competition from rivals including PhonePe and Google Pay.
The new recruits will have an earning potential of around Rs 35,000 per month and will be used to promote Paytm’s entire portfolio, which includes QR codes, POS machines, Paytm soundboxes as well as other products in the company’s ecosystem like wallets. , UPI, Paytm Postpaid. , merchant loan and insurance offerings, the sources said.
Report said,While a Paytm spokesperson did not give any statement on the matter, the Noida-headquartered digital payments major recently launched its field sales executive program aimed at providing employment opportunities to undergraduates.
Additionally, The company wants to launch its Rs 16,600 crore IPO by October. As of May, Paytm had around 11% market share in UPI transactions, while Phone-Pe had 45%, followed by Google Pay with 35%, data from NPCI showed. According to the draft prospectus filed earlier this month, Paytm, which was last valued at $16 billion, said it will use Rs 4,300 crore of the IPO proceeds to acquire consumers and merchants.