Paytm today announced the appointment of Bhavesh Gupta, as Chief Executive Officer of the company’s lending business. Gupta will help develop and expand Paytm’s lending services to strengthen the company’s vision of financial inclusion for 500 Milion Indians. Under his leadership, the company will continue to aim & simplify and bring new credit products to Indians & SMEs in partnerships with other banks and NBFCs. He will be reporting to Amit Nayyar, President at Paytm.
Gupta, with an experience of over two decades, has led the digital transformation journey of some of the top retail banks and NBFCs in the country. Most recently he served as the Founding Member & CEO of Clix Capital, earlier known as GE Capital India. Prior to this role, he was Founding Member and Head – SME & Business Banking at IDFC First Bank for two years. Gupta spent more than a decade at ICICI Bank where he played a senior role across retail banking, both on liabilities and lending side of the business.
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Amit Nayyar, President, Paytm said, “Paytm is on a mission to democratize diversified financial services in the country and access to credit for consumers and small businesses is a critical enabler to fulfill their ambitions and wishes. We are very excited to welcome Bhavesh, whose experience would help us accelerate our goals. I look forward to working closely with him to expand our lending business further along with our esteemed banks and NBFC partners.”
Bhavesh Gupta, said, “I am thrilled to be part of the team that is responsible for introducing innovative products like Paytm Postpaid making a meaningful effort to promote financial inclusion in the country. I plan to build along with a fantastic team the most cost-effective & consumer-friendly lending products for all citizens. The wealth management and financial service solutions that Paytm is building are transforming the lives of millions of Indians and are relevant globally as well.”
In the lending business, Paytm, in partnership with Bank and NBFCs has launched Paytm First Credit Card, Paytm Postpaid, Personal Loans, and Merchant Cash Loans.
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