The global banking and payments industry experienced a 42% rise in new job postings related to real-time payments in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to an 18% increase versus Q2 2023. GlobalData’s Banking & Payments: Hiring Trends & Signals Q2 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Business and Financial Operations Occupations jobs accounted for a 29% share of the global banking and payments industry’s real-time payments-related total new job postings in Q2 2024, up 83% over the prior quarter.
Business and Financial Operations Occupations drive real-time payments-related hiring activity
Business and Financial Operations Occupations, with a share of 29%, emerged as the top real-time payments-related job roles within the banking and payments industry in Q2 2024, with new job postings rising by 83% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 15% in Q2 2024, with new job postings rising by 6% over the previous quarter.
The other prominent real-time payments roles include Management Occupations with a 14% share in Q2 2024, Office and Administrative Support Occupations with a 2% share of new job postings.
Top five companies in banking and payments industry accounted for 59% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were DBS Bank, Visa, Mastercard, JPMorgan Chase & Co, and Interac. Together they accounted for a combined share of 59% of all real-time payments-related new jobs in the banking and payments industry.
DBS Bank posted 510 real-time payments-related new jobs in Q2 2024, Visa 114 jobs, Mastercard 68 jobs, JPMorgan Chase & Co 45 jobs, and Interac 42 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by India with a 50.83% share of total new job postings, Q2 2024
The largest share of real-time payments-related new job postings in the banking and payments industry in Q2 2024 was in India with 50.83% followed by the US (24.89%) and the UK (4.25%). The share represented by India was 18 percentage points higher than the 32.83% share it accounted for in Q1 2024.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q2 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
