Madhur Deora, chief financial officer and senior vice president at Paytm, India’s fastest growing online transaction platform, has been promoted to a new role of President to keep up with the growth of the company, cited yourstory.
While, Deora expressed that he looks forward to working with Vijay Shekhar Sharma, founder of Paytm.
Sharma stated, “We have grown over 20 times in the last three years by creating a payments-led lifestyle and financial services app in our country. The next phase of our journey is to expand our offerings in consumer internet and financial services.”
Based out of Noida, Paytm was founded in 2010 by Vijay Shekhar Sharma with an aim to bring an ease in the digital payments ecosystem across India.
Before joining Paytm, Deora was the managing director at Citigroup. He joined Paytm in October 2016.
A few earlier, the company said that it has planned to allocate ₹750 crore in order to target new customers and merchants in small cities and towns.
For details: Paytm aims to target new customers, merchants in small cities pan India; releases ₹750 cr
Furthermore, last week, the company also claimed that it was planning to introduce content, news, short videos, and live television on its app by September 2019.
For details: Paytm plans to launch content, news, other features to attract more users on app
Some of the prominent players in the Indian market include Fircent, LenDenClub, IndiaMoneyMart, Monexo, LoanBaba, CapZest, and i2iFunding.