PhonePe appoints Ritesh Pai as CEO - International Payments

PhonePe on Friday announced the appointment of Ritesh Pai as the CEO of its International Payments business, who was earlier the president of products and solutions at TerraPay.

PhonePe said in his previous role, he was responsible for launching and implementing payment products and solutions globally.

Pai has also served as the Senior Group President & Chief Digital Officer at Yes Bank, where he led the digital strategy and transformation for the bank and launched multiple successful partnerships with many of today's leading Fintech players, said the company in a press release.


Speaking on the appointment Sameer Nigam, CEO and Founder of PhonePe said, ‘’We are delighted to welcome Ritesh onboard as CEO - International Payments' at PhonePe. Ritesh has been an early believer and staunch supporter of the company and was very instrumental in our early UPI success story. I'm delighted that he's joined us to lead our international growth plans. I would like to wish him the very best in his new role.’’

“I am excited to join PhonePe as it takes significant strides in shaping the future of digital payments on a global scale. PhonePe has achieved market leadership in India with its unwavering commitment to product innovation and building customer-centric solutions. I am confident that this same focus will help us expand our footprint beyond national borders, taking our payment technology to an international audience,” said Ritesh Pai.