After the Demonetization of Rs.500 and 1000 by the PM of India, a great boom is arises in the sector of eWallets or online payments. In last month people are facing cash crunch, that’s why they uses the services of Paytm and other eWallets. Due the Demonetization, month of November was very busy for Fintech Group. Banks, on the other hand, had to mobilize staff from every part of the business to be able to cope with the mammoth foot traffic.
Fintech group recognizes well that coming month is comes with the unexpected business opportunity. And also they had to perform and keep their employees perform full out of their whole capacity.
“We then swung into debriefing our business heads and feet on the street employees using WhatsApp,” Bhavik Vasa, its chief growth officer, said.
ItzCash has found this to be a good time to identify future leaders. “At a time like this, you don’t just look for employees who can put in long hours, but those who can stay calm in the situation as well,” said Vasa.
“The volume was too high for us to deal with initially. It was nearly 10 times of what we are used to,” said Japjit Bedi, commercial director at Deutsche Bank India.
In the start, company saw increase of 30 to 40 percent, but after 10 to 15 days the business stabilizes on 50 to 60 percent of increase.
No Business, Emphasis on White House says Donald Trump
