Being the managing director at Citigroup, Madhur Deora joined Paytm in October 2016 and is now elevated as the President of the organization.
On Monday, digital payments’ giant Paytm announced that Chief Financial Officer and Senior Vice President Madhur Deora will expect the new job of President to keep up with the development of the organization.
The One97 Communications-owned payments stage is peering toward further development in financial administrations and consumer web, and Madhur, who will presently assume responsibility for various business lines, will principally take care of those identified with consumer services.
Vijay Shekhar Sharma, Founder and CEO of Paytm stated, “”We have grown over 20x in the last three years by creating a payments-led lifestyle and financial services app in our country.” He further added,“As we expand our business, we are promoting Deora to the role of President who has been a key partner in this success.”
Recently, Paytm declared that inside a time of the dispatch of its “Advance EMI, Credit Card Bill, and Insurance premium” payment use-case, it has caught 70 percent piece of the overall industry among all versatile digital applications for BFSI payments.
“I am excited about our next phase of growth in consumer Internet and financial services,” said Deora.
In April 2019, the organization additionally propelled a repetitive payment feature for traders utilizing Paytm’s payment portal, enabling them to get payments through various channels including email, SMS, and chat.
Within a short span of time, Paytm has become the single largest platform for banks, financial services, and insurance (BFSI) payments.
