Demonetisation rains business for Paytm and job opportunities for people
Demonetisation rains business for Paytm and job opportunities for people

Paytm founder Vijay Shekhar Sharma said the company has given approval for hiring 20,000 sales people to reach consumers in more than 650 districts. The company has received a huge leg up since demonetisation and the subsequent push from the government to create a stronger and broader digital payments infrastructure.

Paytm has 11,000 employees now, of which 1,500 were added in just the past one month, after Prime Minister Narendra Modi announced the withdrawal of Rs.500 and Rs.1,000 notes. The company, which has 88 million active users according to app data tracker AppAnnie, has seen mobile wallet adoption increase sharply in this period.

Sharma said, "Our hiring is limited only by the capacity of our human resources bandwidth to hire people. We are looking at a 10member sales team for each district. We are also working with Niti Aayog to increase awareness."

The company says the introduction of payments for feature phones has seen adoption of wallets by merchants and small towns rise dramatically. Any Paytm user without internet connection can now dial a toll free number to make a payment.

He further added, "We increased our capacity to handle calls to around 1,300sec, after our lines went busy on the first day we launched the service."

 
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