New Delhi: Paytm recruits more than 20,000 field sales executives throughout the country, ahead of the initial public offering (IPO).
Moving by Fintech Major comes with a strict competition background from several rivals, including Phoneepe and Google Pay.
New recruitment will have an income potential around Rs 35,000 every month and will be used to promote the entire Paytm portfolio including QR codes, post machines, paytm soundboxes and other products in all company ecosystems, such as Paytm postpaid, merchant loans and insurance offerings, said sources.
While Paytm spokesman did not comment on this problem, Major Digital Payments headquartered in Noida recently launched a field sales executive program, with the aim of providing employment opportunities.
The company wants to launch IPO RS16,600-Crore in October.
In May, Paytm had around 11% market share in UPI transactions, while telephone-PE had 45%, followed by Google Pay with 35%, showing data from NPCI.
According to the draft Prospectus submitted earlier this month, Paytm, the last worth $ 16 billion, said it would use Rs 4,300 Crore from the IPO results to obtain consumers and traders.