Full-Time
KAM
Paytm
10,001+ employees
Digital payments and financial services platform
No salary listed
Entry, Junior
Hyderabad, Telangana, India
In Person
- Merchant Onboarding
- Merchant Acquisition
- Field sales
- Growth of distribution and market share in the assigned area of operations
- Visibility & accountability through extensive QR & Sound box deployment and sale of the product
- Identify and recruit the sales team to align and drive business in the market
- Plan the market size, span and geographies for TLs & FSE
- Devise best methods for communication of plans/targets to the team so as to minimize the expectations vs delivery gap
- Monitor the quality parameters as suggested by the management
- Validate and conduct audits on the acquisitions and sales done by the team
- Merchant Onboarding
- Merchant Acquisition
- Field sales
- Growth of distribution and market share in the assigned area of operations
- Visibility & accountability through extensive QR & Sound box deployment and sale of the product
- Identify and recruit the sales team to align and drive business in the market
- Plan the market size, span and geographies for TLs & FSE
- Devise best methods for communication of plans/targets to the team so as to minimize the expectations vs delivery gap
- Monitor the quality parameters as suggested by the management
- Validate and conduct audits on the acquisitions and sales done by the team
Paytm operates in the fintech sector, providing a variety of digital payment and financial services to individual consumers, businesses, and financial institutions. Its services include UPI payments, mobile recharges, bill payments, and digital loans. Users can also invest in stocks and mutual funds through Paytm Money, which emphasizes transparency and low costs. Additionally, Paytm offers options for purchasing insurance, recharging metro cards, and booking tickets for various modes of transportation and entertainment events. The company earns revenue through transaction fees, commissions from its financial services, and partnerships with merchants. Paytm stands out from its competitors with its user-friendly interface, round-the-clock customer support, and a straightforward refund policy, all aimed at enhancing customer satisfaction. The primary goal of Paytm is to simplify financial transactions and provide accessible financial services to a broad audience.
Company Size
10,001+
Company Stage
IPO
Headquarters
Noida, India
Founded
2009
Simplify's Take
What believers are saying
- Expansion of digital lending services to MSMEs in India boosts growth potential.
- Increased adoption of digital wallets in rural India expands Paytm's market reach.
- The Indian government's push for a cashless economy supports Paytm's digital services.
What critics are saying
- Paytm's market share in UPI space is declining due to strong competition.
- Regulatory challenges, including RBI's suspension, have significantly impacted Paytm's operations.
- Paytm's stock has fallen by 61% over six months, reflecting investor concerns.
What makes Paytm unique
- Paytm offers a comprehensive suite of digital financial services in India.
- The company provides investment opportunities through Paytm Money with low costs.
- Paytm's user-friendly interface and 24/7 customer support enhance customer satisfaction.
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Benefits
Performance Bonus
Profit Sharing
Flexible Work Hours
Company News
India’s government is denying rumors of new fees on the country’s popular instant payment system.“Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading,” the Indian Ministry of Finance wrote in a post on X Wednesday (June 11), referring to the idea of the “merchant discount rate” being applied to the country’s United Payments Interface system. “Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens,” the ministry said. “The government remains fully committed to promoting digital payments via UPI.”. According to a report from Reuters, the ministry’s announcement was bad news for Indian digital payments company Paytm, whose stock fell as much as 10% Thursday (June 12)
Paytm has received a show-cause notice from India’s financial crime-fighting agency. The notice pertains to an alleged violation of India’s Foreign Exchange Management Act, the FinTech said in a statement Saturday (March 1). The alleged violations have to do with Paytm’s acquisition of two subsidiaries — Little Internet Private Limited and Nearbuy India Private Limited — for the years 2015 to 2019, a period that predates Paytm’s ownership
The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings about data flows between it and its parent company. Chief Executive Officer Vijay Shekhar Sharma told Bloomberg News Tuesday (Jan. 21) that he hopes the situation is a temporary one
Last year’s regulatory troubles continue to haunt Indian FinTech Paytm.The company’s third-quarter earnings showed a 36% drop in revenue to 18.3 billion rupees (about $212 million), below the 19 billion rupees analysts had projected, Bloomberg reported Monday (Jan. 20). The company reported a net loss of 2.08 billion rupees, while analysts expected 3.32 billion rupees in losses.Early in 2024, India’s banking regulator essentially closed down Paytm Payments Bank — the company’s banking arm — following years of warnings about unregulated data flows between that business and its parent.With the banking business shut down, the company was forced to find new partnerships with other Indian lenders. It also sold off its movie and events ticketing business to Zomato to help reduce expenses and is waiting for permission from India’s central bank to become a payments aggregator, per the report.Paytm’s average monthly transacting users dropped to 70 million during the quarter from 71 million in the prior quarter, according to the report. Paytm said it issued 38.3 billion rupees in merchant loans during the third quarter, up 16% from the previous quarter.Paytm is part of a busy payments space in India, competing with the likes of Google Pay and the Walmart-linked PhonePe.Meanwhile, the India edition of PYMNTS Intelligence’s “The Embedded Lending Opportunity” report examined the rise of embedded lending among consumers and microbusinesses and small businesses (MSBs) in that country, the most populous in the world.The research found that 15% of consumers and 37% of MSBs in India use this type of lending. Over two-thirds of each segment reported that they are highly likely to switch to providers that offer embedded lending.“However, users widely experience friction that detracts from their experience,” PYMNTS wrote
Paytm won approval from India’s finance ministry to invest in its payment services operation.The company announced the approval Wednesday (Aug. 28) in a disclosure posted to its website. Paytm has faced scrutiny this year after being ordered to close its payments bank in January.Paytm said it will now apply with the finance ministry to get back its payment services license.“We remain committed to a compliance-first approach and upholding the highest regulatory standards,” the company said in its letter. “As a homegrown Indian company, Paytm is focused on contributing to and advancing the Indian financial ecosystem.”Paytm has been struggling since the Reserve Bank of India (RBI) — the country’s banking regulator and central bank — suspended business at Paytm Payments Bank, which had processed much of Paytm’s payments.The RBI made the move after an audit uncovered “persistent noncompliances and continued material supervisory concerns,” although the regulator had been warning for years about the questionable relationship between Paytm and its banking arm.Last month, Paytm reported that its operating revenue slipped again in the quarter ending in June as it continued to wrestle with regulatory issues.Operating revenue fell from 19.8 billion rupees (about $236 million) in the last quarter to 15 billion rupees (about $179 million). That was down from 23.4 billion rupees (about $279 million) in the same period a year ago.“The full financial impact of the recent disruptions was seen during this quarter,” Paytm said in an article on its website. “With green shoots visible across — growth in merchant payment operating metrics, gross merchandise value (GMV), accelerated merchant reactivation and an expanding merchant base, coupled with our continued focus on cost optimization — we remain optimistic about our revenue and profitability improvement.”This year saw Paytm lose ground on India’s Unified Payments Interface (UPI) to the likes of Google Pay and the Walmart-backed PhonePe.These companies are competing for consumer attention in a country that has been on a digital payments journey for the past 15 years, PYMNTS wrote in late 2023