Online investment platform Paytm Money on Thursday said it has set up a new R&D facility in Pune, Maharashtra, which will promote product innovation, particularly in the areas of equity, mutual funds and digital gold.
The company said it plans to employ more than 250 engineers and data scientists to create new money products and services.
“” Paytm Money has started its ‘Technology Development and Innovation Center’ in Pune. He said the company had plans to hire more than 250 front-end, back-end engineers and data scientists to create new wealth products and services, “the company, which is a wholly owned subsidiary of One97 Communications The company, which owns and operates Paytm, said in a statement. .
Paytm Money CEO Varun Sridhar said, “We are very excited to launch our Pune Tech R&D center and develop new wealth management products and disruptions in Pune. We continue our vision to leverage low cost technology and provide a solid, innovative and stable platform for our consumers. “
Sridhar said that the company needed solid engineering talent to fulfill its ambitions, Mr. Sridhar said that Pune is famous for its high quality education and would have provided a superb talent pool with good infrastructure and superb weather is.
He added, “We believe that Pune is poised to become an innovation hub for fintech and Paytm is a natural alternative to Money’s expansion plans.”
Paytm Money aims to achieve more than 10 million users and 75 million annual transactions in FY21, with the majority of users coming from small cities and towns.
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