Friday, June 24, 2022
Tech ObserverNewsIndustryWith an eye on Indian market, PayU​ announces top management change

With an eye on Indian market, PayU​ announces top management change

PayU​ has named top techie Narendra Babu as the new chief technology officer for the India payments business.

PayU​ has named top techie Narendra Babu as the new chief technology officer for the India payments business.

Making new inroads into the Indian market, Netherlands-based payment service provider to online merchants, has announced a slew of top management changes for better coordination in ‘key markets.’

According to the company, among the new changes announced include the appointment of three senior leaders – Narendra Babu as the chief technology officer for the payments business, Mohit Bedi as the SVP to lead strategic initiatives and the bill payments business, and Vineet Sethi as SVP to lead the company’s diversified financial services portfolio.

The company’s existing senior executive Mohit Gopal will take on a new position as the chief operating officer, while Sudhir Sehgal has been elevated as the chief business officer.

This fortified India payments business leadership team will steer the firm’s growth to achieve its vision of developing a full-stack digital financial services platform to serve the tapped and untapped financial needs of merchants, banks, and consumers through technology.

“The added firepower to our leadership team will help us further the company’s trajectory of success and help us diversify into broader digital financial services. Each one of these new executives brings a plethora of experience with them that resonates with our vision of supporting India’s ongoing systemic change of better financial inclusion by meeting the needs of merchants, banks, and consumers through our platform,” said Anirban Mukherjee, CEO, PayU India.

Babu has over two decades of experience in driving digital transformation strategies and building next-generation software products. Previously, he was with Walmart Labs Technology, India, where he led the supply chain businesses, building and leading large teams across India and the US. He has also spent a decade at Google and serving in multiple technology leadership roles.

In the past Bedi has served many leadership positions for financial institutions such as Axis Bank, Standard Chartered, Barclays, and Citibank. He has two decades of experience in developing and executing strategies that helped increase payment volume and secure long-term revenue with key business partnerships. In his last stint with Axis Bank, he was heading the merchant acquiring business for India.

Further, Sethi has also over two decades of experience in the BFSI sector and a successful track record of building and scaling business lines. His last stint was with the neobanking fintech firm, Niyo, where he worked as a chief marketing officer (CMO) and was instrumental in building and scaling their flagship offerings – Niyo Global and NiyoX.

Gopal has been a key contributor to PayU’s growth in India and has worked extensively in many diversified roles across the business, strategy, and operations verticals over the last five years.

Sehgal has helped scale up the company’s enterprise payments business and has successfully led the strategy, development, and distribution of domestic and international payments for its enterprise merchant portfolio.

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