Fortifies its management as it plans to diversify the Indian payment space with its new offerings
May 18 2016, 11.28 AM IST || Pocket News Alert
New Delhi, May 18, 2016: - One of India’s paramount payment solution company, PayU India, announces the appointment of former Bharti Airtel’s executive, Sachin Singhal as its Head of Consumer Business. In the given role, Sachin will be responsible for designing effective business strategies and bring in growth by taking the company’s plans to diversify the consumer business to the next level.
Sachin Singhal
The inception of the consumer business category roots back to the recently announced partnership between PayU and India’s leading bank IndusInd, to redefine the digital experience for Indian consumers, by bringing the full suite of consumer banking products online and powering the same through payment innovations and online eco-systems enabled by PayU. The Consumer Business category would aim at unifying Indian banking services with latest Fin-tech innovations by PayU and create a paradigm shift in the way banking and payments is done in India.
Commenting on the new appointment, Mr. Nitin Gupta, CEO and Co- founder, PayU India said, “At this stage of our growth in our business, it was imperative to bring on board someone with a vision and entrepreneurial passion. Sachin brings valuable industry knowledge and experience to PayU India which will help us design effective business strategies and more innovative solutions for our consumers and help PayU grow its presence”.
Talking about his plans for PayU, Sachin Singhal, Head – Consumer Business, PayU India commented, “I am looking forward to expanding the existing consumer base of PayU’s business in the country by leveraging PayU’s innovative product range and strong tech abilities. We will continue to build strong relationships with banks and bring out products which will largely impact the Indian online payment space.”
Sachin joins PayU India with over a decade long experience in business and technology. During his last stint with Bharti Airtel, he led the channel marketing and mobile internet growth. He also led some of the major innovations in Mobile Internet at Airtel, like One Touch Internet (which won MWC GSMA 2015 award for best consumer mobile application), Airtel Zero (sponsored data platform), Wynk Movies.
An alumnus of IIT Delhi and IIM Ahmedabad, Sachin started his post MBA journey as a consultant at PWC India (Performance Improvement practice), worked at One97, led marketing for PayTM at its launch, worked at Tradus.com as Head of products at India's first ecommerce marketplace.
About PayU
PayU is one of the largest consumer payment processors in the world today with prominent presence in India, South Africa, Eastern Europe, Latin America and China. Founded in 2011 headquartered in Gurgaon, PayU India is backed by its parent NASPERS Group, a leading and well known global media and internet company. Owing to its innovation leveraging technology, patent pending algorithms, robust sales force and amazing customer service, PayU India has steadily established itself as the No.1 payment aggregator in the Indian e-commerce category. PayU is divided into two verticals: PayU Biz & PayU Money.