Fri. Mar 29th, 2024

India’s leading online payments platform Paytm has announced that it has appointed Kiran Vasireddy as the Chief Operating Officer (COO) for its payments business.

In his new role, Kiran will be overseeing all product and business functions for the payments division in line with its growth plan for bringing 500 million Indians into the mainstream economy.

Commenting on this development, Vijay Shekhar Sharma, Founder & CEO – Paytm said,

Kiran and his team have built our payment business and led it to top of the charts in India. Under his leadership, Paytm will reach new heights and create many global benchmarks.

Kiran Vasireddy, Chief Operating Officer – Paytm said,

At Paytm, we are absolutely committed to make digital payments extremely simple and accessible. This will help us in our vision to bring financial inclusion to half a billion people in our country. This year, we are aiming for ten million merchants on our platform, which puts us on the right path to build one of the largest payment networks in the world.

He has been associated with Paytm for almost near a decade. During this time, he held several key business roles and played a pivotal part in leading the firm’s payment solution to become the country’s leading digital payment method.

Under his leadership, Paytm has ventured into multiple new avenues for digital payments across categories such as utility payments, transportation, education fees and metro recharges, among others.

In addition, Kiran has also spearheaded the company’s offline payment and its QR code solution across large organized retailers, parking lots, hospitals, tolls, petrol pumps, corporate food courts and neighborhood offline stores.

Presently,  QR Code-based payments is powering digital payments for over 5 million offline merchants and aiming to reach 10 million merchants by year-end.

By Jeet