Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
The Covid-19 pandemic has proved to be a watershed moment for the fintech industry. From consumers to kirana shops, the proliferation of digital payments and cashless transactions has placed the industry in a higher orbit. While most industries are struggling to recover from the Covid onslaught, and letting staff go, fintech players are on a hiring spree as digital payments are predicted to surge even in the post-pandemic world.
“The fintech sector is at its exciting best now with everyone wanting to have an e-commerce presence. While there are massive layoffs happening around, we are seeing this as an opportunity to hire great minds and make quality additions to build a league of next-gen payment and banking solutions,” said Anuradha Bharat, Head - People Operations at Razorpay.
The full-stack financial services company has already onboarded over 120 employees in the last two months and is looking to add 200 more at different levels in the next few months, primarily for its product and engineering teams.
According to a recent report by RedSeer Consulting, digital payments in India are expected to treble to ₹7,092-lakh crore by 2025 from ₹2,153-lakh crore in FY20 while mobile payments are poised for 5x growth during this period. The report said strong use cases of merchant payments, government policies around financial inclusion, growth of millennials, and high smartphone penetration indicates strong headroom for growth.
“Covid has accelerated the adoption of digitisation in financial products. Put together, the top three payment gateways, the open positions would touch about 10,000 jobs if not more,” Sumit Kumar, Vice-President, National Employability through Apprenticeship Program at TeamLease, said, adding, “as demand for the talent increases, we have also seen an increased adoption of apprenticeships in the fintech sector. The demand for apprentices has doubled compared to pre- Covid.”
Fintech companies are also strengthening their top management to bolster their growth. Leading payment gateway provider PayU roped in Shantanu Preetam as PayU India’s Chief Technology Officer in May, while joined Vikas Sekhri as Chief Product Officer of PayU Finance in April, and Anup Agrawal took over as Business Head of LazyPay.
“Our hiring plans are very much on track and more than 100 new employees have joined PayU across our four offices since March 2020,” Priya Cherian, Chief People Officer at PayU said, adding, “Hiring for Data Sciences, Product, Tech and Sales teams will be our focus over the next few months.”
Similarly, slice, a payment and credit start-up exclusively focussed on youngsters between 18-29 years, made a slew of top management hiring including CFO,CTO, Head of Design and Head of Collections. The company, which has 250,000 customers, is looking to reach a customer base of one million in 12-15 months.
“Growth can really flood you if you are not prepared and you will get drowned if the processes are not set. So, it's important to have the right set of people at senior and mid-management level in a business like ours which has a lot of implications on customers, regulations and risk side of the business,” said Rajan Bajaj, Founder and CEO at slice.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
While Supreme Court has cleared the way for women seeking longer tenures and senior roles in the Indian Army, ...
Mughal Gardens in the Capital open to visitors — albeit with Covid-19 protocol — for the annual Udyanotsav
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor