SA-based PayU embarks on major expansion, to hire 1,000 in India | business | Hindustan Times
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SA-based PayU embarks on major expansion, to hire 1,000 in India

business Updated: Mar 30, 2015 23:01 IST
Himani Chandna Gurtoo
Himani Chandna Gurtoo
Hindustan Times
PayU

Driven by increasing internet usage for making payments and online purchases, mobile wallet companies such as Paytm, Oxigen, Citrus, MobiKwik have been on a hiring drive in recent weeks.

The latest company to join this expansion drive is payment solutions provider PayU. The Johannesburg-listed company, promoted by the Naspers Group, is set to hire about 500 people in the next three to four months in the country.

The $60-billion (`3,60,000-crore) PayU, which provides payment solutions to several e-commerce companies such as Snapdeal, Jabong, Bookmyshow, Cleartrip, Groupon among others in India, plans to hire 1,000 people by 2015-16.

“Aggressive hiring is the need of the hour as we are seeing tremendous growth in business,” PayU India CEO Nitin Gupta said. “By 2015-16, we will add 1,000 people to the current strength of 500.”

PayU, which serves over 65,000 businesses and merchants in India, plans to hire people across functions such as sales, technology, marketing, business development and operations.

The company is also looking to add over 15,000 businesses every month against its current expansion rate of 4,500 new businesses added per month.

While Alibaba-backed Paytm plans to hire 4,500 people in the next few months, MobiKwik is looking to double the strength of its technology team of Android, Java and server engineers and designers in the coming months.

Oxigen has in recent weeks announced plans to hire about 1,500 people over the next one year.