Paytm has appointed Bhavesh Gupta, as the new Chief Executive Officer of the company’s lending business. Bhavesh will be developing and expanding Paytm’s lending services for strengthening the company’s vision of financial inclusion for 500 Milion Indians. Under his leadership, the company is planning to offer new credit products to millions of Indians & SMEs in asocaition with other banks and NBFCs. Bhavesh will be reporting to Amit Nayyar, President at Paytm.
Bhavesh holds over two decades of experience. He led the digital transformation projects of some of the top retail banks and NBFCs in India. Prior to this appointment, he was the Founding Member & CEO of Clix Capital, earlier known as GE Capital India.
Amit Nayyar – President at Paytm said, “Paytm is on a mission to democratise diversified financial services in the country and access to credit for consumers and small businesses is a critical enabler to fulfil 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.”