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Paytm adding 3000 employees to banking arm

Paytm, which recently received in-principle approval to launch a payments bank, is recruiting over 3,000 employees this year for the banking venture, which is expected to become operational in the first quarter of 2016-17. Paytm vice president Amit Sinha said hiring is a key focus area and the company intends to have about 3000 people with banking and non-banking backgrounds. The company would also require a significant number for field jobs. A majority of the employees will be brought in for technology roles and requirements. Its banking arm 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.

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