PhonePe To Double Its Employee Count By December 2022
Focused on scaling up its employee strength from 2600 to 5400
National, April 5th, 2022: PhonePe, India’s leading digital payments platform, today, announced that it will double its total employee strength by the end of December 2022. The company plans to hire across levels and functions for Engineering, Product, Analytics, Business Development, and Sales teams. There are about 2800 open job positions that the company is planning to fill in the next 12 months across Bangalore, Pune, Mumbai, Delhi, and the rest of the country.
“We are building a long-term sustainable organization, 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 HR at PhonePe.
PhonePe offers above market compensation, has below market attrition rates, and offers wealth creation opportunity to all employees through its ESOPs program. The company recently announced the launch of Mothers@PhonePe aimed at providing flexibility to mothers so they can come back to the workforce when they are ready. It also launched Parents@PhonePe, a parallel program that covers secondary caregivers, thus promoting a more balanced distribution of responsibilities among new parents. PhonePe’s progressive efforts to create a diverse, vibrant, and positive workplace were formalised last year with the launch of its Diversity & Inclusion Initiative. Since then, the company has seen an increased representation of women in leadership roles, as well as more hires from the trans community and persons with disability.
In addition, in the spirit of positive disruption and expanding the overall talent pool, PhonePe is actively investing in PhonePe University- a holistic program 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 was founded in December 2015, and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With over 360 million registered users, one in four Indians are now on PhonePe. The company has also successfully digitized over 27 million offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe forayed into financial services in 2017, providing users with a safe and convenient option to buy 24-karat gold, and has recently also launched silver on its platform. Since then, PhonePe has introduced several Mutual Funds and Insurance products like tax-saving funds, liquid funds, travel insurance, life insurance, COVID-19 insurance amongst others. Using PhonePe, users can also send and receive money, recharge mobile, DTH, pay at stores and make all their utility payments.
For more details: [email protected]