Paytm (One97 Communications Limited) has appointed Ramana Kumar as Chief Executive Officer (CEO) for its Middle East operations.
Ramana, a seasoned fintech leader with over 20 years of experience, will spearhead Paytm’s growth strategy in the UAE and the broader Middle East.
This appointment underscores Paytm’s vision of leveraging its expertise in digital payments, QR codes, and financial services to establish a strong presence in new markets.
With digital payment adoption increasing in the Middle East, Ramana’s leadership will drive innovation and enhance financial accessibility across the region.
Ramana Kumar’s Vision for Paytm in the Middle East
Expressing enthusiasm for his new role, Ramana Kumar emphasized the rapid adoption of digital payments in the Middle East and the growing demand for innovative, secure, and scalable solutions.
He stated, “I am excited to join Paytm and lead its Middle East business. The region is rapidly adopting digital payments, and there’s a strong demand for innovative, secure, and scalable solutions.”
Ramana added, “Paytm’s technology, built and refined in India, is well-suited to meet these needs.”
“We will work closely with regulators and ecosystem partners to introduce impactful innovations and strengthen the digital payments landscape,” he stated.
Ramana Kumar’s Industry Expertise and Leadership Background
Ramana brings a wealth of fintech and banking leadership experience, having held key positions at multiple financial institutions. Before joining Paytm, he served as:
- Founding CEO of Magnati, a leading payments company in the United Arab Emirates (UAE) and a subsidiary of First Abu Dhabi Bank (FAB). At Magnati, he led major initiatives to modernize payment systems and drive business expansion.
- Executive Vice President at FAB, overseeing payments and digital banking, ensuring seamless financial transactions across consumer and business segments.
- Managing Director and Head of Global Transaction Banking at National Bank of Abu Dhabi (NBAD), where he played a key role in developing digital banking solutions to improve efficiency and accessibility.
Ramana’s deep expertise in scalable, secure, and innovative payment solutions makes him a strategic asset in Paytm’s Middle East expansion.
Expansion Strategy: Paytm Middle East’s Vision
Paytm’s international growth strategy focuses on providing tailored digital payment solutions that cater to regional financial needs.
In the Middle East, Ramana will lead initiatives to:
- Expand Paytm’s fintech solutions, including mobile payments and financial distribution services.
- Enhance merchant payments, ensuring businesses in the UAE and surrounding regions benefit from seamless transaction experiences.
- Strengthen regulatory partnerships, ensuring compliance and collaboration with financial authorities.
Founder and CEO of Paytm, Vijay Shekhar Sharma, welcomed Ramana’s leadership.
He stated, “We welcome Ramana, who has built a formidable merchant payments business in the UAE.”
Vijay added, “We aim to serve the region by building and bringing strong regional leadership, backed by our proven technology.”
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