Previous to this, Pai was working with cross-border funds agency Terrapay and was primarily based in Dubai. At TerraPay, Pai was liable for launching and implementing its fee merchandise and options globally.
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“PhonePe has achieved market management in India with its unwavering dedication to product innovation and constructing customer-centric options. I’m assured that this similar focus will assist us increase our footprint past nationwide borders, taking our fee know-how to a world viewers,” Pai mentioned.
This appointment comes on the again of PhonePe appointing chief executives for every of its totally different enterprise verticals in November final 12 months. Hemant Gala was made the CEO of the lending enterprise. Vishal Gupta was appointed the chief govt of insurance coverage, Vivek Lohcheb grew to become the CEO for ecommerce app Pincode and Ujjwal Jain grew to become the chief govt of PhonePe’s wealth choices Share.Market.
‘’Ritesh has been an early believer and staunch supporter of the corporate and was very instrumental in our early UPI success story. I’m delighted that he’s joined us to guide our worldwide progress plans. I want to want him the easiest in his new position.,’ mentioned Sameer Nigam, CEO and cofounder of PhonePe.