Paytm Ropes in Former RBI Exec Surelia for Payments Bank Venture
Mumbai: Paytm, India’s largest mobile payments platform, has appointed former Reserve Bank of India executive Vipin Surelia as vice-president for risk and compliance for its soon-to-be-launched payments bank venture.
Prior to this, Vipin worked with the National Payments Corporation of India as its head for product development. He has also worked with the RBI as its deputy general manager, spearheading its various payment initiatives, including the RTGS and NEFT projects. Vipin has also worked with HSBC India in their global payments and cash management team and with IBM as solution specialist for payments.
Over the past few months, Paytm has hired aggressively to strengthen its leadership team. In February, it appointed Shinjini Kumar, a former central banker and senior executive at consultancy PwC, to head its payments bank venture.
In the next three years, Paytm aims to clock .₹ 10,000 crore in deposits from the payments bank business and increase its workforce by 3,000. The e-commerce platform has already hired 20-25 senior and mid-management-level executives to kick-start the payments bank operations. It has roped in senior executives from Amazon, Airtel Money, Mckinsey, KPMG, Bain & Company, etc.