The race to replace Deep Bedi, the man behind HSBC’s flagship PayMe app, is on. Last month we reported that Bedi, PayMe’s Hong Kong-based chief product officer, had joined Square, the fintech firm founded by Twitter CEO Jack Dorsey. Now HSBC has opened up a director-level vacancy to find Bedi’s replacement – the delay between his departure and the job posting likely explained by the role being advertised internally first.
The product chief for PayMe has recently emerged as one of the sought-after positions within HSBC in Hong Kong, mainly because of the platform’s staggering growth trajectory. PayMe, which enables users to transfer money between any Hong Kong banks, hit 1m users just 17 months after its February 2017 launch and is now Hong Kong’s largest e-wallet operator. Its user base reached 2m this May, a 25% year-on-year increase, fuelled by Covid-19 forcing consumers to make more purchases online.
To apply for Bedi’s former role, you will need “deep technical knowledge and understanding of how the latest trends in data science and artificial intelligence can improve business outcomes and user experience”, according to HSBC’s careers site. You must have also led “product development teams (UX designers, software engineers and QA engineers) on projects that touch a range of technical platforms (digital, mainframe, server based)”.
If you land the PayMe product job, you will be required to “lead and deliver” the app’s vision, strategy, design, development and marketing. You will also encourage DevOps methodology in your team, and ensure there is no divide between “businesspeople and IT people” involved in PayMe.
You will also have a lot to live up to. Forbes included Bedi in its 2019 “30 Under 30” list of young people working in consumer technology in Asia. The publication describes him as the “intrapreneur” behind HSBC's “most successful digital product”. Bedi, with PayMe, “has changed the lives of millions in Hong Kong and is leading the way to transform the city into a digital economy”, says Forbes in its biography.
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