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Former Alibaba executive Bhushan Patil joins Paytm as President

  • Bhushan Patil ex-head of Alibaba Group Holding’s wholesale business has joined Paytm, India’s mobile payment and commerce platform as the company’s new President.
    • Bhushan Patil ex-head of Alibaba Group Holding’s wholesale business has joined Paytm, India’s mobile payment and commerce platform as the company’s new President. Bhushan’s mandate would include building company’s cross border commerce, reported Business Standard.

    • Prior to joining Paytm, Patil worked for more than 5 years at Alibaba, where he was responsible for overall operations. He played key role in new initiatives for Global Markets business development across SME linked associations, Banks and Government trade organizations, local trade services and e-companies.

    • On the announcement, Vijay Shekhar Sharma, CEO and Founder, Paytm said, “We want to offer Indian merchants a compelling commerce platform and Bhushan brings incredible experience of building cross border commerce. It will help Indian merchants to sell globally too. As Paytm continues to grow at an exponential pace, it is important for Paytm to expand its operations outside India for further development.”

    • Bhushan, as a major accomplishment had also incepted, led and launched B2B Trade-Trust products across 50 countries in Asia/Europe and Americas & was instrumental developing new India plans for Alibaba.com B2B business, further says the BS report.

    • On his joining Paytm, Bhushan Patil, President, Paytm said, “It is indeed an honour to be a part of the Paytm vision and strategy both towards national cashless economy and the plan to take Paytm overseas.”
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