Paytm Lending CEO gets additional role to lead offline payments vertical

The fintech company has elevated Bhavesh Gupta, CEO, Paytm Lending to take on leadership for the offline payments vertical in addition to his existing responsibilities

One97 Communications Limited, which owns the fintech firm Paytm, on Friday announced consolidatation of leadership of its offline payments business with lending, with an aim to increase penetration of credit to its 23 million merchants.

The company has elevated Bhavesh Gupta, CEO, Paytm Lending to take on leadershipfor the offline payments vertical in addition to his existing responsibilities. Bhavesh has led the company’s lending vertical, which has reached over $1 billion of annualised runrate of disbursals through the company’s platform. Before joining Paytm, Gupta had over 22 years of experience in the financial sector with major banks like IDFC Bank,