PhonePe Appoints Ritesh Pai As CEO For International Payments Division
PhonePe announced Ritesh Pai's appointment as the Chief Executive Officer (CEO) of its International Payments division on Friday.
The company highlighted Pai's extensive experience in the digital payments sector, emphasising his track record in driving innovative solutions and establishing global strategic partnerships.
Ritesh Pai was previously the President of Products and Solutions at TerraPay, overseeing the global launch and implementation of payment solutions. Prior to that, he served as the Senior Group President & Chief Digital Officer at Yes Bank, leading the bank's digital strategy and spearheading partnerships within the fintech industry.
PhonePe's CEO and Founder, Sameer Nigam, expressed enthusiasm about Pai's appointment, acknowledging his early support and influence in the company's success. Nigam welcomed Pai to lead the international growth plans, extending his best wishes for Pai's new role.
In response, Ritesh Pai expressed excitement about joining PhonePe, envisioning the platform's potential to shape the future of global digital payments. He praised PhonePe's market leadership in India and emphasised his confidence in expanding its technology beyond borders to cater to an international audience.
Additionally, PhonePe celebrated crossing the milestone of 500 million registered users within seven years.
