Paytm hires 2 Citi executives for its payments bank

The payments bank first appointed CEO Shinjini Kumar from research and consultancy firm PricewaterhouseCoopers (PwC) in February, followed by Vikas Purohit from Amazon.

Payal Ganguly
  • Updated On May 16, 2016 at 08:29 AM IST
BENGALURU:The payments bank arm of digital payments solutions company Paytm has appointed Ruchita Taneja Aggarwal and Priya Karnik from Citibank India as head of banking operations and head of product development for banking operations respectively.

Aggarwal was director of treasury and trade solutions and Singapore head for regional product sales at Citibank while Karnik was director of treasury and trade solutions, regional implementation. With these appointments the payments arm of the Alibaba-backed company has put in place the leadership team across FMCG, consultancy, banking and e-commerce businesses ahead of its banking services roll-out in August.

The payments bank first appointed CEO Shinjini Kumar from research and consultancy firm PricewaterhouseCoopers (PwC) in February, followed by Vikas Purohit from Amazon, Kshitij Sanghi from McKinsey, Varun Khullar from ITC and Vipin Surelia from the Reserve Bank of India as vice presidents heading various verticals. “It is no secret Paytm is expanding and diversifying at an exponential rate.

Joining the organisation gives me an unparalleled opportunity to work with some of the most well-known industry thought leaders who are trying to build something new and unique,” said Karnik on her appointment. Amit Sinha, vice president at Paytm said, “We are committed to keep enhancing our services and product portfolio. We are confident that with (Aggarwal and Karnik) on board, we will be able to drive greater growth and success.”
  • Published On May 16, 2016 at 08:25 AM IST
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