Wishing Mr .Ramana Kumar greater responsibilities and exciting challenges in this impressive new chapter!
Paytm (One97 Communications Limited), the foremost payments and financial services distribution firm in India and a trailblazer in mobile payments, QR codes, and Soundbox, has revealed the appointment of Mr.Ramana Kumar as the Chief Executive Officer for its operations in the Middle East.
Mr. Kumar comes with over 20 years of leadership experience in the fintech, payments, and banking industries, along with extensive knowledge in fostering innovation and business expansion within financial services.
Prior to his role at Paytm, Mr. Kumar was the founding CEO of Magnati, a prominent payments company in the United Arab Emirates (UAE) and a subsidiary of First Abu Dhabi Bank (FAB), where he spearheaded significant initiatives to modernize payment systems and stimulate business growth. He also held the position of Executive Vice President at FAB, managing the bank’s payments and digital banking sectors. Over the years, Mr. Kumar has established a solid reputation for developing scalable, innovative, and secure payment solutions.
Mr. Kumar will oversee Paytm’s growth in the UAE and the wider Middle East, concentrating on creating digital payment solutions that cater to local requirements. He will utilize the company’s established technology and expertise as a leader in mobile payments and payment devices in India to foster regional development. His appointment signifies a crucial milestone in Paytm’s mission to extend its digital financial services to new international markets.
Vijay Shekhar Sharma, Founder & CEO – Paytm said, “We welcome Ramana, who has built a formidable merchant payments business in the UAE. We aim to serve the region by building and bringing strong regional leadership, backed by our proven technology.”
Mr. Ramana Kumar, Chief Executive Officer, Middle East, Paytm said, “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. 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.”
The company sees strong potential to expand its technology-driven merchant payments and financial services distribution model to international markets. Paytm is exploring select global opportunities as part of its long-term growth strategy, with meaningful results expected over the next few years.
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