Wednesday, May 22, 2024
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Ritesh Pai Joins PhonePe as CEO of International Payments

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PhonePe recently announced the appointment of Ritesh Pai as the Chief Executive Officer (CEO) of its International Payments Business. Ritesh, a seasoned leader in the digital payments sector, brings with him a wealth of experience and a proven track record of spearheading innovative solutions and establishing strategic business partnerships on a global scale.

Ritesh Pai: The Path to PhonePe

Ritesh Pai’s journey to PhonePe has been marked by impactful roles in prominent positions within the digital payments landscape. In his previous role as the President of Products and Solutions at TerraPay, he played a pivotal role in launching and implementing payment products and solutions worldwide. Prior to that, Ritesh served as the Senior Group President and Chief Digital Officer at Yes Bank, where he led the bank’s digital strategy and transformation initiatives, forging key partnerships with leading fintech players.

PhonePe’s Vision for Global Expansion:

The decision to appoint Ritesh Pai as the CEO of International Payments aligns with PhonePe’s ambitious plans to expand its footprint beyond national borders. Known for its unwavering commitment to product innovation and customer-centric solutions, PhonePe has achieved market leadership in India. With Ritesh at the helm, the company aims to replicate and build upon this success on the international stage.

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Sameer Nigam, CEO and Founder of PhonePe, expressed his enthusiasm about Ritesh joining the team, stating, “We are delighted to welcome Ritesh onboard as CEO- International Payments at PhonePe. Ritesh has been an early believer and staunch supporter of the company and was very instrumental in our early UPI success story.”

Ritesh’s Perspective:

In response to his appointment, Ritesh shared his excitement about joining PhonePe said, “I am excited to join PhonePe as it takes significant strides in shaping the future of digital payments on a global scale. I am confident that this same focus will help us expand our footprint beyond national borders, taking our payment technology to an international audience.”

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As Ritesh Pai takes the reins as CEO of International Payments at PhonePe, the company is poised for an exciting phase of global growth. With a visionary leader at the helm and a commitment to innovation, PhonePe is set to make waves in the international digital payments landscape, bringing its customer-centric solutions to a broader audience worldwide. Stay tuned as PhonePe, under Ritesh’s leadership, continues to redefine the future of digital payments on a global scale.

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