What are the career opportunities in the Fintech sector in India?
Emerging industries, which are famously known as sunrise industries in today’s time, are basically those industries that have emerged very recently and shown the potential of being the most lucrative industries for society as well as the economy. Fintech or financial technology is one such sunrise industry, which has actually paved a novel way, away from the age-old financial services. The field is basically aiming towards disruption of banking processes, the way they are carried out in the present times and mainly want to provide digitally advanced services to the customers.
This field has showcased a huge number of profits as well as growth opportunities for those aspirants wanting to enter this industry. For instance, in recent times, we saw a lot of high profile hires by many companies working in the digital field. PayTM hired Shinjini Kumar, to work as the Chief Executive of their payments banks which is supposed to be launched really soon. Flipkart, in order to boost its fintech business, made two high-profile hires quite recently. PayTM even hired professionals who were working at powerful positions in global banks to head its leadership and management teams to help them get people on board of digital banking.
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The managing director of Manpower India, when quizzed about this field of fintech said, “Finance Technology is a booming segment in India with the opening of numerous mobile wallet companies, non-banking finance companies and now payment banks as well. All of these are running on robust digital platforms.” Thus it is quite evident that this field is all set to create a lot of new jobs which will be centred around mobile phones, generating a better user experience and also for the field of financial analysis.
The reason why there would be many career opportunities available at various positions in the field of fintech has its solution in numbers. Around 170 million Indians are active as well as passive users of smartphones and close to 160 million have an active access to the internet. Thus it is safe to say that India is getting on the digital platform with rapid strokes of interest. This, on the other hand, is encouraging more and more companies to come ahead and provide such digital services and products which not just help the customers but also make their experience a smooth one.
There are career opportunities available today in companies like Mobikwik, Capital Float, MSwipe, Citrus Pay, Ezetap and many other digital payment platforms. Many other e-wallet and e-commerce companies are being developed which will be providing similar kinds of career opportunities for those interested in the field of financial technology. This is why more and more youngsters today are opting out of this kind of job as opposed to jobs where the traditional banking systems are followed. There are quite a few institutes today that help candidates get into this field like Imarticus Learning which is increasingly becoming popular.
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