Payworld names Amit Tyagi as new Chief Executive Officer

Indian fintech major Payworld, a Sugal & Damani group, has announced to onboard Amit Tyagi as its new Chief Executive Officer. According to the company, in this new role Tyagi will be responsible for leading the organisation into the next stage of its journey, as it looks to leverage its pan-India distribution channel and wallet licence to build an MSME-focused neobank.

“Tyagi brings with him 12 years of experience with leading financial services organisations like Citibank, American Express, UAE Exchange and TransUnion CIBIL. He was a part of the founding team of Airtel Payments Bank and has extensive experience across distribution, financial services and business leadership,” the company said.

Kamlesh Vijay, Group CEO, Sugal & Damani, said, “We are extremely delighted to welcome someone of Amit's ability to our team. His expertise and background in financial services will allow us to turbocharge our vision of bridging the digital divide and deliver financial services to Bharat consumers.”

Speaking on his appointment Amit Tyagi, Chief Executive Officer, Payworld, said, “I am extremely excited to come on board Payworld and be part of this phenomenal transformation and growth journey. We have all the right ingredients to become a preferred financial services provider for the Bharat customer and my team and I will be working to deliver on that vision.”