Bhavesh Gupta has been appointed as Paytm lending business new CEO which operated under One97 communication Ltd. Here he will work to develop and enlarge its lending services supporting it’s potential of creating new credit product for customers and SMEs. Last week Paytm also appointed Varun Sridhar as the new CEO of its Management branch.
Gupta has also served as the founding member and CEO of Clix Capital, where his focus was on diversifying Non-bank financial company in the arena of digital consumer and MSMEs lending space. Prior to this he also worked in and as head -SME and banking business of IDFC bank for two years addingly he also contributed more than a decade at ICICI Bank at senior level for both liabilities and lending side of the the business.
Paytm in on a mission to democratize diversified financial services in the country and access to credit for consumers and small business is a critical enabler to fulfil their ambitions and wishes
” we are very excited to welcome Bhavesh, whose experience would help us to accelerate our goals. I look forward to working closely with him to expand our lending business further along with our esteemed banks and NBFCs partners,” said Amit Nayyar, President at Paytm.
Paytm is hiring top audacious people to expand its presence in the financial services, insurance, wealth management and lending business. In response to which Gupta said. “I am thrilled to be part of the team that is responsible. For introducing innovative products such as Paytm Postpaid, making a meaningful effort to promote financial inclusion in the country. I plan to build- along with fantastic team the most cost effective. And consumer friendly lending products for all citizens. The wealth management and financial service solution that Paytm is building are transforming the lives of millions of Indians and are relevant globally as well”
Presently in the lending business Paytm is offering Paytm First Credit Card, Paytm Postpaid, personal loans and merchant cash loans by collaborating with NBFCs and banks.
Last month Paytm announced to extend its Paytm Postpaid a consumer lending product to offline so that people can avoid withdrawing cash to meet their household expenditure.
