Digital payment platform PhonePe to hire 2800 people by the end of this year

  • PhonePe is looking forward to expanding its workforce by hiring 2800 people by the end of this year.
  • The company will be hiring across various domains like engineering, product, analytics, business development, and sales.
  • Other than that, PhonePe is also actively investing in PhonePe university, which is a holistic programme in tech that aims to accelerate learning and impact for engineers.

PhonePe, a Bengaluru-based digital payment platform, has announced that it will double its total employee strength by December 2022. The company will be hiring 2800 people and will be scaling up its headcount from 2600 to 5400 employees.

The company plans to fill in 2800 positions in various levels and functions like engineering, product, analytics, business development, and sales teams located in Bengaluru, Pune, Mumbai, Delhi, and the rest of the country.

“We are building a long-term sustainable organisation, anchored on technology, and unlocking value for all. We’re proud that PhonePe has emerged as the employer of choice for smart, ambitious people who are keen on creating outsized impact. The company offers the opportunity for people to learn and grow by getting to work on some of the most complex problems in the industry,” says Manmeet Sandhu, head of human resources at PhonePe.

Other than that, PhonePe is also actively investing in PhonePe university, which is a holistic programme in tech that aims to accelerate learning and impact for engineers, while also enabling expansion of the ready-now engineering talent in the startup space.

“PhonePe’s progressive efforts to create a diverse, vibrant, and positive workplace were formalised last year with the launch of its Diversity and Inclusion Initiative. Since then, the company has seen an increased representation of women in leadership roles, as well as more hires from the LGBTQI community and persons with disability,” Sandhu added further.

The company also claims that it offers above-market compensation, has below-market attrition rates, and offers wealth creation opportunities to all employees through its employee stock ownership plan (ESOPs) programme.

The digital payments company recently launched a ‘Mother@PhonePe’ programme especially for mothers to give them the flexibility to come back to the workforce whenever they are ready. The company also launched another programme called ‘Parents@PhonePe’ which covers secondary caregivers, thus promoting a more balanced distribution of responsibilities among new parents.

PhonePe was founded in December 2015 and it claims to have digitised over 27 million offline merchants spread across tier 2,3,4 and beyond and claims to have covered 99% of pin codes in the country. Using PhonePe, users can also send and receive money, recharge mobile, DTH, pay at stores, and make all their utility payments.

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