Paytm appoints Bhavesh Gupta as president and COO

One 97 Communications Ltd, the parent company of fintech firm Paytm, has appointed Bhavesh Gupta as its president and chief operating officer.

Gupta was CEO of lending and head of payments at the company. Prior to joining Paytm in 2020, Gupta held roles including CEO of Clix Capital (formerly known as GE Capital), head of SME & business banking at IDFC Bank.

In a stock exchange filing, One 97 Communications said that in his role as president and COO of the company, Gupta will be responsible to lead verticals of lending, insurance, payments – online and offline, consumer payments, and drive key initiatives including user growth, operations risk, fraud risk and compliance