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Paytm signs Nitin Misra to head product pipeline

  • Mobile commerce and services company Paytm has roped in former Airtel
    and Samsung senior executive Nitin Misra to head its product pipeline for the core
    payments business.
    • Mobile commerce and services company Paytm has roped in former Airtel
      and Samsung senior executive Nitin Misra to head its product pipeline for the core
      payments business.
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    • Image result for paytm
    •  
    • Misra’s appointment is the latest made by the Noida-headquartered,
      Alipay-backed Paytm, as it looks to build a second tier of leaders to
      strengthen critical operations and scale faster.
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    • “We needed someone who can go in hands-deep in mobile and consumer
      businesses, and Nitin brought that with his wealth of experience, across Indian
      and global markets,” said Vijay Shekhar Sharma, founder and chief executive,
      Paytm.
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    • Last month, Paytm had announced that it had crossed a user base of 100
      million wallets, while witnessing over 75 million transactions a month.
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    • “It’s a tremendously exciting space to be in, and while there can
      be significant challenges, I think we (Paytm) are at a point where we can
      really play a strong role in creating a smart and secure digital economy,”
      Misra said.
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    • Prior to joining Paytm, Misra was responsible for content and digital
      services across consumer electronics and mobile communications giant Samsung’s
      Android and Tizen portfolios, and was also associated with home-gown
      telecommunications major Bharti Airtel.
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    • Over the past 12 months, Paytm has been on a rigorous drive to recruit
      top-level talent, across critical functions, as it looks to compete with e-commerce
      majors Flipkart, Amazon and Snapdeal, as well as mobile recharge and payments
      ventures.
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    • In December, Paytm, which is in the midst of raising an additional $375
      million from Alipay at a valuation of about $3.7 billion, brought on board
      former McKinsey executive Nehul Malhotra to head its merchant operations.

     

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