Paytm today signed a Memorandum of Understanding with the Directorate of General Training, Ministry of Skill Development and Entrepreneurship (MEPSE), to train 6000 individuals in the rapidly growing Fintech industry over a three-year period. This is in line with Paytm’s commitment to developing India’s technology ecosystem and promoting financial inclusion in the country.
The chosen individuals will participate in a six-month programme designed by Paytm in collaboration with the DGT. It will provide trainees with the fundamentals as well as knowledge of the most recent Fintech IoT products and financial services. Professional skills, communications, sales and pitch, and on-the-job training will also be provided to the trainees.
Paytm Ministry of Skill Development and Entrepreneurship launch new initiative to promote “Learn and Earn”
DGT is actively involved in transforming the country’s youth into industry-ready workers. The collaboration is part of DGT’s Flexi-MoU scheme, under which industry partners offer youth the opportunity to acquire skills related to industries with high job potential through a ‘Learn and Earn’ approach that combines theoretical and on-the-job training. Paytm’s priority is to build a pool of highly skilled human resources that can contribute to the growth of the Fintech and digital payments ecosystems. Paytm will also hire qualified trainees after they complete the course.
Narendra Yadav, Senior Vice President, Paytm said, “India’s strength lies in the talent and skilled youngsters, who will play an important role in shaping the future of the country’s economy. DGT plays a key role in the vocational and craft-based training of eligible youth in the country. We look forward to a fruitful partnership with the DGT that will enhance the quality and number of trained personnel in the Fintech industry.”
Neelam Shami Rao, Director-General, DGT, said, “The growth of digital payments has been phenomenal in India and it will continue to rise further in the future. Paytm is one of the pioneers in the digital payments service industry and our focus is to leverage their expertise to train the country’s youth in this field.”
