Payworld hires Amit Tyagi as its new CEO
India-based fintech company Payworld has hired Amit Tyagi as its chief executive officer (CEO). In his new role, Tyagi has been given the responsibility to focus on leveraging Payworld’s pan-India distribution channel and wallet license to build an MSME-focused neobank.
Tyagi joined Payworld from TransUnion CIBIL Limited, where he was the Deputy Vice President of Fintech. With 12 years of experience in leading financial services organisations like Citibank, American Express, UAE Exchange, and TransUnion CIBIL, Tyagi assumed his new role at Payworld in July.
Founded in 2006 by the Sugal & Damani group of companies, Payworld is a fintech company promoting financial inclusion. The services offered include banking services like aadhaar-enabled payment services (AEPS), money transfer, bill payments, insurance, mobile, and DTH recharges, rail, air, and bus reservation, digital wallets, cash withdrawal points, and assisted e-commerce.
“Super excited to come on board Payworld and lead the organisation in the next stage of its journey. We have a fabulous team, a great partner network, and are doing some phenomenal work in providing relevant financial products and services to Bharat,” reads a Linkedin post by Tyagi.
The newly appointed CEO confirmed that Payworld will be on a hiring spree across levels.