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PhonePe: PhonePe appoints Ritesh Pai as CEO of international payments business

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Digital payments major PhonePe has appointed former Yes Bank chief digital officer Ritesh Pai as CEO of its international payments business.

Prior to this, Pai was working with cross-border payments firm Terrapay and was based in Dubai. At TerraPay, Pai was responsible for launching and implementing its payment products and solutions globally.

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“PhonePe has achieved market leadership in India with its unwavering commitment to product innovation and building customer-centric solutions. I am confident that this same focus will help us expand our footprint beyond national borders, taking our payment technology to an international audience,” Pai said.

This appointment comes on the back of PhonePe appointing chief executives for each of its different business verticals in November last year. Hemant Gala was made the CEO of the lending business. Vishal Gupta was appointed the chief executive of insurance, Vivek Lohcheb became the CEO for ecommerce app Pincode and Ujjwal Jain became the chief executive of PhonePe’s wealth offerings Share.Market.

‘’Ritesh has been an early believer and staunch supporter of the company and was very instrumental in our early UPI success story. I’m delighted that he’s joined us to lead our international growth plans. I would like to wish him the very best in his new role.,’ said Sameer Nigam, CEO and cofounder of PhonePe.

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Digital payments major PhonePe has appointed former Yes Bank chief digital officer Ritesh Pai as CEO of its international payments business.

Prior to this, Pai was working with cross-border payments firm Terrapay and was based in Dubai. At TerraPay, Pai was responsible for launching and implementing its payment products and solutions globally.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Professional Certificate in Product Management Visit
IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit
IIT Delhi IITD Certificate Programme in Data Science & Machine Learning Visit

“PhonePe has achieved market leadership in India with its unwavering commitment to product innovation and building customer-centric solutions. I am confident that this same focus will help us expand our footprint beyond national borders, taking our payment technology to an international audience,” Pai said.

This appointment comes on the back of PhonePe appointing chief executives for each of its different business verticals in November last year. Hemant Gala was made the CEO of the lending business. Vishal Gupta was appointed the chief executive of insurance, Vivek Lohcheb became the CEO for ecommerce app Pincode and Ujjwal Jain became the chief executive of PhonePe’s wealth offerings Share.Market.

‘’Ritesh has been an early believer and staunch supporter of the company and was very instrumental in our early UPI success story. I’m delighted that he’s joined us to lead our international growth plans. I would like to wish him the very best in his new role.,’ said Sameer Nigam, CEO and cofounder of PhonePe.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

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