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PhonePe Names Ritesh Pai CEO for Global Payments Expansion

PhonePe
Photo Credit : IANS

New Delhi : Ritesh Pai was named CEO of PhonePe’s International Payments division on Friday, the company that specializes in digital payments announced.

Prior to this, Pai held the position of President-Products and Solutions at TerraPay, where she oversaw the introduction and implementation of payment solutions and products around the world.

He was Yes Bank’s chief digital officer and senior group president before that.

“Pai 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,” said Sameer Nigam, CEO and Founder of PhonePe.

Pai said that 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,” he added.

PhonePe currently has 50 crore registered users and 3.7 crore merchants on its platform, covering over 99 per cent of the postal codes across the country.

The company has also expanded into financial services as well as tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India’s first localised App Store.

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