Fintech sector likely to hire product management professionals amid COVID-19 lockdown

The new market dynamics and shifts in consumer behavior are causing ripples in the digital payment industry. This change is trickling down into the bigger industries.

In recent years, the Fintech sector has grown by leaps and bounds. Industry experts suggest that digital payments in India are expected to become a market worth US$1 Trillion by 2023. The recent COVID-19 outbreak has contributed immensely to the growth of digital payments, in India and even globally. This is a huge opportunity for professionals working currently in the domain, and also for those who aspire to pursue a career in this sector.

To talk about the emerging career opportunities in the digital payments space,
TimesJobs invited Saurabh Jain, VP at Paytm to answer career-related queries in its weekly High Tea Live chat. He outlined the career option emerging in the digital payment space.

Here are the highlights of the chat.

The duo of business and technology will be in demand:

The FinTech sector, especially in digital payment space will have different roles coming up which will involve combinations of tech and business. The sector will witness a surge in demand for individuals who will hone skills in developing new technology, product management and business related roles such as sales, marketing and operations.

Sectors to watch out for:

The current lockdown situation is expected to have an adverse impact on talent demand and hiring activities across the nation. Industries such as gaming, Ed-Tech, telecom will see a steep rise in the demand for individuals to manage their huge customer base, both in terms of experience and services.

Trends to monitor:

Certainly, the pace of digitisation will increase even after the COVID-19 crisis. The digital payments sector is expected to witness a jump in its user base. Change in government regulation and customer preference will play a vital role in setting up the business goals for the coming years. Therefore the demand for professionals who specialise in product management and designing, and business roles will see a sharp rise in the digital payments sector.

Read the complete transcript.