Below are the steps I followed to install python34 and pip
yum update -y
yum -y install yum-utils
yum -y groupinstall development
yum -y install https://centos7.iuscommunity.org/ius-release.rpm
yum makecache
yum -y install python34u python34u-pip
python3.6 -v
echo "alias python=/usr/bin/python3.4" >> ~/.bash_profile
source ~/.bash_profile
pip3 install --upgrade pip
# if yum install python34u-pip doesnt work, try
curl https://bootstrap.pypa.io/get-pip.py | python