Paytm has appointed Kiran Vasireddy as the company Chief Operating Officer for its payment business.
This is the third instance where Paytm has promoted its own talent to the top leadership. Earlier instances include Renu Satti who was appointed CEO of the Payments Bank and then Amit Sinha who has been appointed COO of Paytm Mall, the e-commerce business of One97.
Kiran will be responsible for overseeing all product and business functions for the payments division.
"Kiran and his team have built our payment business and led it to top of the charts in India. Under his leadership, Paytm will reach new heights and create many global benchmarks," said founder and CEO Paytm, Vijay Shekhar Sharma.
Over his nearly decade long association with Paytm, Kiran has held several key business roles and played a pivotal part in leading the firm's payment solution to become the country's leading digital payment method.
"At Paytm, we are absolutely committed to make digital payments extremely simple and accessible. This will help us in our vision to bring financial inclusion to half a billion people in our country. This year, we are aiming for ten million merchants on our platform, which puts us on the right path to build one of the largest payment networks in the world," said Kiran Vasireddy.
Under his leadership, Paytm has ventured into multiple new avenues for digital payments across categories such as utility payments, transportation, education fees and metro recharges, among others.
In addition, Kiran has spearheaded the company's offline payment and its QR code solution across large organized retailers, parking lots, hospitals, tolls, petrol pumps, corporate food courts and neighborhood offline stores. In a short span of time, Paytm has enabled millions of small merchants to accept payments at their stores with Paytm's QR code solution.