Fintech platform PayMe to invest Rs 200 crore in UP, creates 2,000 jobs

Fintech platform PayMe on Thursday said it will invest Rs 200 crore in Uttar Pradesh to create 2,000 jobs in the area, focusing on training and developing skilled resources in the fintech space.

The company signed a memorandum of understanding (MoU) with the state government in the presence of Shailendra Bhatia, OSD YEIDA and Nodal officer for UP Investors Summit and Manav Munjal, Director of PayMe and Vishal Ranjan, VP of HR.

“I come from Gorakhpur, a tier II district, where obtaining a quality education and getting job opportunities were scarce. Now that we have the means to give back to society, it is our duty to be a part of the UP Investor Summit initiative,” said Mahesh Shukla, Founder and CEO of PayMe.