16 October 2017, India:
Paytm is all set to hire 10,000 employees to strengthen its know your customer- (KYC-) compliant accounts as per the report by ET.
“We already have 10,000 people on the street doing KYC of our customers, now we are planning to hire 10,000 more within the next two months to expand our capacity to do physical KYC,” said Renu Satti, CEO of Paytm Payments Bank.
“Also, we will open 1,00,000 banking outlets where customers can come in for biometric authentica tion and other basic banking facilities as well.”
Paytm is one of India’s largest mobile payments and commerce platform. It started with online mobile recharge and bill payments and has an online marketplace today. In a short span of time, it has scaled to over 250 Million registered users. Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. One97’s investors include SoftBank, SAIF Partners, Alibaba Group, Ant Financial (Alipay) and Mediatek.