E-wallet firms to hire over 200 from IITs and IIMs

Post demonetization, major e-wallet firms such as Paytm and Mobiwik are planning to recruit more than 200 staff from India’s premier institutes including IIT and IIMs. As per media reports, they will hire at an average salary of 15 lakh per annum.  

The Placements across all business schools and engineering colleges will be paced up around December. 

The demonetization drive has made businesses profitable for digital wallet companies and they strategize to scale up their operations many fold. To do so, they have stepped up their recruitment process. In turn, this has brought cheer to several fresh graduates looking at ample opportunities due to job creation in the market.  

Since the demonetization, Paytm has added new five million users and has successfully registered over 7 million transactions.  Also , Mobiwik has increased its userbase with 40 million additions and 40% growth in app downloads. 

Other sought after institutes by Paytm and Mobiwik would be FMS Delhi, XLRI Jamshedpur, BITS Pilani, Indian Institutes of Information Technology, National Institutes of Technology, MDI Gurgaon, SP Jain Institute of Management and Research, Mumbai, and Indian School of Business, Hyderabad.

Though virtual wallet companies are hiring to the immediate effect to fulfill the requirements across all departments but final placements for students in all B-schools will happen in December.