Jobs galore: Paytm on a hiring spree, poaches talent across industries!

Paytm wants to strengthen its payments bank operations and is on a hiring spree in the same regard. India's largest mobile payments platform, Paytm, is poaching talent across industries and is even looking to hire around 3,000 employees for the new business, which has a starting budget of Rs 400 crore.

For the starters, Paytm hired former Airtel executive Saurabh Sharma, who was heading market operations at Airtel Money, as vice-president and will handle merchant and agent acquisition.

Paytm also brought Dhruv Dhanraj Bahl from Bain & Company as assistant vice-president and he will lead the branch designs and their roll out across the country.

Neha Gupta from KMPG will join in as deputy general manager soon and will handle business operations,.

"We've shortlisted people for the CEO position and hopefully we should be able to communicate it when the RBI gives us a go ahead," Paytm chief executive officer Vijay Shekhar Sharma told ET, adding “We've decided to put the budget for the payments bank at Rs 400 crore for two years.”

Over 20 senior and mid-management level executives have been hired to kick-start the payments bank operations.

Paytm will decide on what to offer as a part of payments bank operations, including cardless credit card backed by a bank.

RBI, in last year August, granted payments bank licences to 11 applicants including Paytm, Reliance Industries, Bharti Airtel and Vodafone.