Freecharge, a payments startup, owned by Axis Bank; has hired Mohit Jain as its new MD and CEO after Siddharth Mehta quit the dual position last month.

Before joining Freecharge, Jain worked with Axis Bank for more than 16 years

“I’m happy to share that I’m starting a new position as MD & CEO at #freecharge,” Jain wrote in a recent LinkedIn post.

In his previous role at Axis Bank, Jain was responsible for managing commerce banking segments (SME) for the private sector bank. He also headed Bharat Enterprises and Institutional Businesses for Axis Bank.

According to his Linkedin profile, Jain worked towards scaling up the corporate agri/ MSME business in semi-urban rural markets as a part of larger Bharat Banking agenda.

Jain holds PGPM from Management Development Institute (MDI).