Noida-based financial services platform Paytm on Thursday announced the appointment of Bhavesh Gupta as Chief Executive Officer (CEO) of the company’s lending business. Bhavesh will be reporting to Amit Nayyar, President, Paytm.
Amit Nayyar said,
“Paytm is on a mission to democratise diversified financial services in the country and access to credit for consumers and small businesses is a critical enabler to fulfil their ambitions and wishes. We are very excited to welcome Bhavesh, whose experience will help us accelerate our goals. I look forward to working closely with him to expand our lending business further along with our esteemed banks and NBFC partners.”
Paytm said in a release that Bhavesh will develop and expand its lending services to strengthen the company’s vision of financial inclusion for 500 million Indians. Under his leadership, the company will continue to simplify, innovate, and bring new credit products to millions of Indians and SMEs by partnering with other banks and NBFCs, the release added.