Paytm Money is set to appoint 250 engineers for its Pune branch

Paytm Money, the financial services arm of digital payments headquartered in Bengaluru has set up a Technology Development and Innovation Centre in Pune and already has a team of over 300 employees.


Paytm Money has launched its ‘Technology Development & Innovation Centre’ in Pune. It also plans to hire over 250 front-end, back-end engineers & data scientists to build new wealth products and services,” the company, which is a wholly-owned subsidiary of One97 Communications that owns and operates Paytm, said in a statement.


Paytm Money aims to achieve over 10 million users and 75 million yearly transactions in FY21, with the majority of users coming from small cities and towns.The new facility will aim to drive product innovation, specifically in the areas of equity, mutual funds, and digital gold.

Varun Sridhar, CEO at Paytm Money, said “We are very excited to launch our Pune tech R&D centre and looking forward to developing new wealth management products and disruptions in Pune. We continue our vision to leverage technology to lower costs for our consumers and provide a solid, innovative and stable platform.