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Paytm Money Looking to Hire 250 Engineers and Data Scientists for its Technology Development Centre

Paytm Money has opened a new Technology Development Centre in Pune, where it plans to hire 250 plus front-end, back-end engineers and data scientists

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Paytm announced that its wholly-owned subsidiary 'Paytm Money' has launched its Technology Development and Innovation Centre in Pune. It also plans to hire over 250 front-end, back-end engineers and data scientists to build new wealth products and services. Paytm Money’s new facility at Pune will focus on driving product innovation, specifically for equity, mutual funds, and digital gold.

Varun Sridhar, CEO - 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. We need solid engineering talent to ensure we meet our ambitions. Pune is famous for its high-quality education and offers a great talent pool along with good infrastructure & great weather. We believe Pune is poised to become an innovation hub for fintech and was a natural choice for Paytm Money’s expansion plans.”

The company has launched new products and services aimed at empowering seasoned investors as well as new to investment users. It aims to achieve over 10 million users and 75 million yearly transactions in FY'21 with the majority of users from small cities and towns, said a statement from the company.

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