According to Paytm Latest News, Paytm has appointed Bhavesh Gupta as Chief
Executive Officer and senior vp to steer the company’s lending business. Gupta
would be chargeable for developing and expanding the Noida-based company’s
lending services together with innovating new credit products in partnerships with
other banks and NBFCs.
Before joining Paytm, Gupta was the founding
member and CEO at Clix Capital, formerly GE Capital India, for the last three
years and a half years. He has over 22 years of experience within the financial
sector and has also worked with IDFC Bank and ICICI Bank for over 10 years, as
per Paytm Latest News.
Announcing the appointment, Amit Nayyar,
president of Paytm, said, “We are very excited to welcome Bhavesh, whose
experience would help us accelerate our goals. I anticipate to working closely
with him to expand our lending business further together with our esteemed
banks and NBFC partners.”
One97 Communications group has marked its third
most top-level hiring within the past period of time. While the corporate had
recently hired Varun Sridhar as CEO of Paytm Money, it elevated Amit Kapoor to
vice chairman and CFO at its wealth management unit. Last month, Paytm had
hired Harsh Gupta to steer its merchant payments and appointed Anubhav Sharma
because the vice chairman of Paytm Payments Bank. Paytm News had exclusively reported these appointments.
In the lending business, Paytm, in partnership
with Bank and NBFCs, has launched Paytm First mastercard, Paytm Postpaid,
Personal Loans and Merchant Cash Loans. it's partnered with Clix Capital to
supply loans as a payment option for consumers and to merchants as credit
lines, as mentioned by Paytm Latest news
Paytm
News, however, reported that Paytm also extended
its consumer lending product Paytm Postpaid to offline retail and Kirana stores
and increased credit limit for ‘PostPaid’ products up to Rs 1,00,000 monthly
from Rs 60,000 earlier to enable payment for giant items like furniture and
consumer electronics.
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