The companies from various sectors like travel, hospitality, technology, and transport are terminating the employees from their jobs. Fintech companies became the rescue to the jobseekers. As per the latest updates payment and lending startups are planning to recruit more employees.
The most prominent fintech companies like PhonePe and PineLabs have job openings to over 1,100 employees in product, design and engineering, business development, artificial intelligence, and cybersecurity.
According to the survey conducted by one of the big 4 companies PricewaterhouseCoopers by end of 2020, the need for fintech professionals will increase by 42 per cent.
Payment service providers –PineLabs need to hire 150 employees in the post of sales executives. They also need the employees who have gained work experience for 1-4 years and not a fresher.
Cashfree is the next generation payment gateway, requires 75 employees in addition to its existing group of 130 by the end of 2020.
PhonePe has offered job openings to employees for 550 positions with engineering and technology profiles.
Manmeet Sandhu told ET that “we invite talents from international technology, product companies, FMCG, consumer companies and Indian technology startups.”
MoneyTap a Bangalore-based consumer lending startup plans to onboard 100 employees in technology, operations, customer relations, and marketing. The hiring will be at junior levels.
Another challenging field is data science. Fintech companies were able to operate effectively during the phase of lockdown. The reason is that it was technology-driven and not people-driven.
As a consequence, they require talent for data science and technology.
MobiKwik mobile phone-based payment system and digital wallet looking for engineers, data scientists, technology leads. The threshold was 70-90 employees.
Amid the termination period due to the outbreak of global pandemic COVID-19, fintech was able to overcome the challenges and threats posed by the current environment. With the significant improvements in technologies and innovations, these companies were able to survive. Emerging technologies like Artificial Intelligence, blockchain, business intelligence are providing a platform for commercial and trading businesses or companies to adapt and adopt technological innovations in the future. Depending on human skills and efforts will not work out effectively during the crisis time. Technologies are proving themselves of the wonders and miracles they can do the world.
