PaySafe India Principal Product Manager Interview Questions and Answers

Q1. Walk me through your background.
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Q2. Think of a product you really like. How would you improve that product.
Ans. 
I would improve the product by adding a mobile app for easier access and convenience.
• Develop a user-friendly mobile app with all the features of the product

• Implement push notifications for updates and reminders

• Integrate a secure payment gateway for in-app purchases
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Q1. About Resume and past experience ?
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Q2. How comfortable you are with technology? Can you explain how a mobile application works?
Ans. 
I am very comfortable with technology and can explain how a mobile application works.
• A mobile application is a software program designed to run on mobile devices such as smartphones and tablets.

• It is typically downloaded from an app store and installed on the device.

• The app may require access to certain device features such as the camera or GPS.

• Users interact with the app through a graphical user interface (GUI) which ...read more
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Q1. Your marks from 10th std, 12th std, UG and PG
Ans. 
My academic performance is not relevant to my ability to perform as a Product Manager.
• Academic performance does not necessarily reflect job performance

• Product management requires a diverse skill set beyond academic achievements

• Focus on relevant experience and skills rather than grades
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Q2. Your career progression and the role in each experience
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Q1. How would you reinvent pencil and eraser?
Ans. 
I would reinvent the pencil and eraser by creating a digital smart pen with built-in eraser functionality.
• Develop a digital pen that can be used on touchscreens and paper, with the ability to save and transfer notes digitally.

• Include an eraser function on the pen itself, allowing users to easily correct mistakes without needing a separate eraser.

• Integrate Bluetooth technology to connect the pen to devices for seamless ...read more
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Q1. Create a new feature for WhatsApp and explain how would you work on creating the feature.
Ans. 
Introduce a voice assistant feature in WhatsApp for hands-free messaging and calling.
• Conduct user research to understand the needs and preferences of WhatsApp users regarding voice assistant technology.

• Collaborate with engineers to develop the voice assistant feature, ensuring it is user-friendly and seamless.

• Test the feature with a small group of users to gather feedback and make necessary improvements.

• Launch the feat...read more
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Q1. What was your major learning from your previous job ?
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How would you redesign whatsapp?

Q1. Why do you believe you are eligible for the job role?
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Q2. Why did you leave your previous organisation?
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Q3. Share an important lesson in product management
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Felt frustrated when you felt that you overpaid for a product, or that the company was simply extracting too much from the consumer in terms of price?
How does Starbucks sell coffee, that is worth only $19 -the worth of the commodity as indicated by the typical retail price for a kilo of coffee
beans, for $137 ?
Or how does Apple sell an iPhone, that costs it only round Rs. 6K to produce at a Foxconn factory in China, for a retail price of Rs. 1 Lakh+ in India?
Why do printers come cheap, but the replacement cartridges cost a bomb?
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Q1. Calculate a/b and c/d then sum
Ans. 
Calculate (a/b) + (c/d)
• Find the values of a, b, c, and d

• Divide a by b and c by d

• Add the results of the two divisions
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Q2. Find the expected value of fraud
Ans. 
The expected value of fraud can be calculated by multiplying the probability of fraud occurrence with the potential loss from fraud.
• Calculate the probability of fraud occurrence based on historical data and industry trends

• Determine the potential loss from fraud by analyzing the impact on revenue, reputation, and legal costs

• Multiply the probability of fraud occurrence with the potential loss from fraud to get the expect
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Q1. Product Management questions
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Q2. Payments lifecycle and DB related questions
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Q1. Do you have knowledge about KPIs
Ans. 
Yes, KPIs are key performance indicators used to measure the success of a product or project.
• KPIs are specific metrics used to evaluate the performance of a product or project.

• They help track progress towards goals and objectives.

• Examples of KPIs include conversion rates, customer satisfaction scores, and revenue growth.

• KPIs should be aligned with the overall business strategy and objectives.
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Q2. How does a typical Agile product work
Ans. 
Agile product development involves iterative and incremental development cycles to quickly deliver value to customers.
• Cross-functional teams work in short iterations called sprints

• Prioritize features based on customer feedback and business value

• Regularly review and adapt to changes in requirements

• Deliver working software frequently, typically every 2-4 weeks
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