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About Company :
Dream Job Paytm Hiring iOS Developer 2025Apply Now Paytm is India’s leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Paytm founder Vijay Shekhar Sharma, a Bollywood buff, finds himself confronting the kind of existential crisis often found in cinema.
This is because the Reserve Bank of India (RBI) has asked the group’s Paytm Payments Bank (PPBL) to halt most of its activities—like taking more deposits, conducting credit transactions, and allowing customers to top up their accounts—after February 29 due to persistent non-compliance. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
As RBI Governor Shaktikanta Das pointed out after the recent meeting of the central bank’s monetary policy committee, lapses associated with Paytm had been pointed out multiple times. He said when constructive engagement doesn’t work or when the regulated entity does not take effective action, RBI imposes business restrictions. “Paytm should have corrected these issues two years ago, when RBI directed PPBL to stop onboarding new customers and appoint an IT audit firm to conduct a comprehensive system audit of its IT systems,” says a banker.
Santanu Agarwal, Deputy Managing Director at fintech firm Paisalo Digital, says maintaining regulatory compliance in the ever-evolving financial landscape is vital. “By proactively strategising and adapting to regulatory shifts, NBFCs (non-banking finance companies) can establish a resilient framework to ensure adherence to evolving standards,” says Agarwal. The immediate upshot seems to be that Sharma’s ambitions of running a full-fledged bank have been stalled.n[Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Will RBI step in to supersede the board after February 29? The Paytm management, led by Sharma, maintains that there is a clear separation between OCL and PPBL, with both entities operating independently to comply with banking governance standards. The bank earned revenues of `3,285 crore and profits of `15 crore in FY23. It has total assets of `9,843 crore and deposits of `3,285 crore. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
But it’s worth noting that Sharma serves as the part-time Chairman of PPBL, while Bhavesh Gupta, the current President and COO of Paytm, holds the position of Director on the bank’s board. Similarly, Srinivas Yanamandra, Group Head of Regulatory Affairs & Policy at the parent company, also serves as a Director at the bank. Two independent directors have already jumped ship. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
OCL, the holding company, is already facing a margin hit of `300-500 crore on its annual Ebitda. The company will find it challenging to negotiate favourable terms with other banks when it begins shifting PPBL’s customers. Madhur Deora, OCL’s CFO and Additional Whole-time Director, expressed confidence recently, stating, “Over time, we will be able to significantly offset this impact.” [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Will investors buy this? OCL’s stock price is already on a downward trend. It has plunged 41% since RBI’s action. The stock, which is trading around `428 apiece on February 12 with a market valuation of around `27,000 crore, experienced a turbulent beginning after its IPO, in which shares were priced in the `2,080-2,150 range. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Sharma will be concerned about institutional investors. While domestic institutions, especially mutual funds, hold around 5%, foreign institutions own a large chunk, at 45%. “Some could exit as the future looks bleak. There is also the possibility of a merger with a bank or NBFC,” says a market insider. The market was abuzz with rumours of Jio Financial acquiring Paytm’s wallet business. But both OCL and Jio Financial have denied this. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
OCL, the payments aggregator, could acquire both online and offline merchants. Operationally, the arrangement for sharing incentives in person-to-merchant (P2M) transactions will now have to be renegotiated with new banks. “As a payments aggregator for online and offline merchants, OCL has been collaborating with various banks over the past two years, with PPBL being one of the primary partners,” says Paytm. The challenge now is transitioning existing merchants, especially offline vendors, from PPBL to another bank. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Paytm President and COO Gupta said recently that discussions would also be held with the regulators and the National Payments Corporation of India. Sharma told investors that the company is actively reducing its reliance on PPBL, though significant dependence exists. “It’s important to highlight that these relationships are primarily payments-related, implying that all banks possess the necessary technology and capabilities,” he explained. In addition, OCL is transferring nodal accounts—special putpose accounts created for receiving money from banks—to other large commercial banks. These are highly lucrative due to the substantial funds passing through them. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Paytm: Revolutionizing Digital Payments in India
Paytm, short for “Pay Through Mobile,” is one of India’s leading digital payment platforms, offering a wide range of financial services, including mobile payments, e-commerce, banking, and investment options. Since its inception, Paytm has transformed the way Indians conduct financial transactions, making cashless payments more accessible and efficient. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
History and Evolution:
Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. Initially launched as a mobile recharge and bill payment platform, it expanded its services to include online transactions, digital wallets, and financial services. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
The company’s growth was significantly accelerated following the demonetization of high-value currency notes in India in 2016. During this period, digital payments gained widespread adoption, and Paytm became a household name. The introduction of Paytm Payments Bank in 2017 further solidified its position as a leader in the fintech space. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Key Services and Offerings:
Paytm provides a diverse range of services catering to consumers, merchants, and businesses.
1. Digital Wallet and UPI Transactions:
Paytm’s digital wallet allows users to store money and make instant payments for various services, including mobile recharges, utility bills, and movie tickets. The integration of the Unified Payments Interface (UPI) has further simplified peer-to-peer (P2P) transactions and merchant payments. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
2. Paytm Payments Bank:
In 2017, Paytm launched its own Payments Bank, offering zero-balance savings accounts, virtual debit cards, and high-interest savings options. Unlike traditional banks, Paytm Payments Bank focuses on digital transactions and customer convenience.
3. E-Commerce Platform (Paytm Mall):
To compete with giants like Amazon and Flipkart, Paytm introduced Paytm Mall, an e-commerce platform that offers a wide range of products, cashback offers, and discounts. It integrates digital payments to provide a seamless shopping experience. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
4. Financial Services and Investments:
Paytm has expanded into the financial sector with services like mutual funds, stock trading, gold investments, and insurance. Through Paytm Money, users can invest in SIPs, stocks, and retirement plans with minimal effort.
5. Paytm for Business:
Merchants and businesses benefit from Paytm’s QR code-based payment system, POS devices, and business accounts. The platform enables small businesses to accept digital payments with ease, fostering financial inclusion.
Impact on the Indian Economy:
Paytm has played a crucial role in promoting digital transactions in India, particularly in rural and semi-urban areas. It has contributed to the country’s financial inclusion goals by bringing millions of unbanked individuals into the digital economy. The company’s services have also empowered small businesses by reducing dependency on cash transactions. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Challenges and Competition:
Despite its success, Paytm faces challenges from competitors like Google Pay, PhonePe, and traditional banks offering digital payment services. Regulatory compliance, cybersecurity threats, and customer trust are also critical concerns for the company. Additionally, profitability remains a challenge as Paytm continues to invest in expansion and innovation. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Future Prospects:
Paytm is focusing on expanding its financial services, enhancing security, and leveraging artificial intelligence (AI) for personalized user experiences. The company aims to strengthen its foothold in banking, insurance, and credit services while maintaining its leadership in digital payments. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Paytm has revolutionized digital payments in India, bridging the gap between traditional banking and digital finance. As the fintech sector continues to evolve, Paytm’s innovation and adaptability will determine its long-term success in the digital economy. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Requirements:
- Should be able to design and build advanced app features for the iOS platform.
- Should be able to collaborate with cross-functional teams to define, design, and ship new features.
- Unit-test code for robustness, including edge cases, usability, and general reliability.
- Work on bug fixing and improving application performance. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
- Continuously discover, evaluate, and implement new technologies to maximize development efficiency.
- UI development with Interface Builder and Code, including Auto Layout.
Skills that will help you succeed in this role:
- He/She/They should have 1-3 years of iOS App development.
- Candidates should have strong experience of Data Structures, algorithms and Oops concepts.
- Have published one or more iOS apps in the app store.
- Deep familiarity with Objective-C, Swift, and Cocoa Touch.
- Experience working with iOS frameworks such as Core Data, Core Animation, Core Graphics and Core Text.
- Experience with third-party libraries and APIs.
- Working knowledge of the general mobile landscape, architectures, trends, and emerging technologies solid understanding of the full mobile development life cycle. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Why join us:
- Because you get an opportunity to make a difference and have a great time doing that.
- You are challenged and encouraged here to do stuff that is meaningful for you and for those we serve.
- You should work with us if you think seriously about what technology can do for people.
- We are successful, and our successes are rooted in our people’s collective energy and unwavering focus on the customer, and that’s how it will always be. [Dream Job Paytm Hiring iOS Developer 2025Apply Now]
Additional Information:
- Company: Paytm
- Job Location(s): Noida
- Salary: Not Disclosed
- Experience: Minimum: 1 year/Maximum: 3 years
- Work Detail: Working Days: 5 Days
- Job Type: In Office
- Job Timing: Full Time
- Eligibility: Experienced Professionals
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