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Paytm to hire 2,000 sales execs ahead of IPO

July 28, 2021

Paytm to hire 2,000 sales execs ahead of IPO

Paytm is hiring more than 20,000 field deals chiefs the nation over, ahead of its initial public offer (IPO). The move by the fintech major comes against the backdrop of stiff competition from a few opponents, including PhonePe and Google Pay.

The newcomers will have an earning potential of around ₹35,000 consistently and will be used to promote Paytm’s whole portfolio including QR codes, POS machines, Paytm Soundbox as well as other products across the organization’s ecosystem, like wallet, UPI, Paytm Postpaid, merchant loans and insurance offerings, sources said.

While a Paytm representative didn’t remark on the matter, the Noida-headquartered digital payments giant has launched its field sales executive program, with a mean to provide employment to undergraduates.

The organization is hoping to launch its ₹16,600-crore IPO by October. As of May, Paytm had around 11% market share UPI transactions, while Phone-Pe had 45%, followed by Google Pay with 35%, showed data from NPCI.

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