Paytm Money sets up new Technology Development Centre in Pune, aims to hire 250 engineers & data scientists
The digital financial services platform Paytm announced that its wholly-owned subsidiary Paytm Money has launched its Technology Development & Innovation Centre in Pune. It also plans to hire over 250 front-end, back-end engineers and data scientists to build new wealth products and services. Paytm Money's success can be attributed to seamless, hassle-free technology, lower or no cost delivery of stocks & FNO trades, as well as the lowest commission in the industry for best-in-class brokers.
Paytm Money thrives to simplify investments and wealth creation for retail investors, and the new facility at Pune will focus on driving product innovation, specifically for equity, mutual funds, and digital gold. The company's escalated focus on hiring stems from its commitment to delivering a superlative user experience on the back of robust operational competence, agile technology infrastructure & a team of diverse domain experts.
Varun Sridhar, CEO - Paytm Money said “We are very excited to launch our Pune tech R&D centre and looking forward to developing new wealth management products and disruptions in Pune. We continue our vision to leverage technology to lower costs for our consumers and provide a solid, innovative and stable platform. We need solid engineering talent to ensure we meet our ambitions. Pune is famous for its high-quality education and offers a great talent pool along with good infrastructure & great weather. We believe Pune is poised to become an innovation hub for fintech and was a natural choice for Paytm Money’s expansion plans.”
The company has launched a slew of new products and services aimed at empowering seasoned investors as well as new to investment users. It aims to achieve over 10 million users & 75 million yearly transactions in FY'21 with the majority of users from small cities and towns. It has become the largest platform for Digital Gold and is set to cross 6000Kgs of Gold volumes. Its recently launched products including equity broking, IPO, ETF & FNO are encouraging new investment users to build a robust portfolio. To increase awareness around wealth products in the country it plans to educate over a million users about different services through education initiatives.
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
Virescent Infrastructure collaborates with IBM and SAP to start its hybrid cloud journey
IBM announced that Virescent Infrastructure, a renewable energy platform backed by leading...
Aeris Communications announces Enterprise Voice Solution - Claerityai
Aeris Communications has launched the Enterprise Voice Solution – Claerityai –...
Rezo.ai enables logistics companies with AI-powered contact centers
Rezo.ai is enabling some of the logistics companies to create a smart workforce and reduce...
START - UP
PERIPHERALS
INDUSTRY EVENTS
Zoom is coming with Innovations to Ignite the Next Era of Communications
Zoom has kicked off Zoomtopia 2021, unveiling plans for innovations across its platform de...
Trescon's World Cloud Show Comes Back to India for the 3rd Time with its 10th Global Edition
Taking place on 15 September 2021, the event will virtually convene India' leading Clo...
VIA unveils VIA Mobile360 Heavy Equipment Safety System at MINEXPO® 2021
VIA Technologies, Inc. today announced that it will unveil its new VIA Mobile360 Heavy Equ...
19th Infotech Forum highlights that the pandemic fast-tracked Digital Transformation escalating importance of data and security
Digital technology has transformed nearly every aspect of life, starting from travel, work...
E- COMMERCE
