PhonePe to hire 20,000 staff, deploy 5 mn payment devices in 12 months
A infrastructure development with market-wide reach.
· BS Companies, LiveMint Companies
PhonePe on Thursday announced plans to accelerate the expansion of its merchant network and take digital payment infrastructure deeper into India's towns and villages. As part of the expansion, PhonePe plans to hire more than 20,000 frontline sales personnel on its rolls over the next year.
The analysis
Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- The immediate tone of coverage reads positive.
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