Digital payments firm Paytm will hire more than 20,000 field sales executives ahead of its ₹16,600-crore initial public offering (IPO), according to reports. The pay scale of these new employees will be approximately ₹35,000 every month. Paytm will reportedly use new recruits to promote the firm’s full portfolio, including QR codes, POS machines, Paytm Soundbox, among other products.
The new employees will have an earning potential of approximately Rs 35,000 every month. Paytm will use new recruits to promote the firm’s full portfolio including QR codes, POS machines, Paytm Soundbox as well as other products in segments like wallet, UPI, Paytm Postpaid, merchant loans and insurance offerings, according to a report in ToI which cited sources as saying.
Recently, the fintech startup has unveiled its field sales executive programme in an earnest attempt to give employment opportunities to undergraduates.
Paytm is poised to launch its Rs 16,600-crore IPO by October. The fintech aims to raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale. Paytm had about 11 per cent market share in Unified Payments Interface (UPI) transactions, while Phone-Pe had 45 per cent, followed by Google Pay with 35 per cent, according to the daily which cited the National Payments Corporation of India (NPCI) May data.