wordpress blog stats
Connect with us

Hi, what are you looking for?

PayU India appoints Anirban Mukherjee as CEO

PayU India has appointed Anirban Mukherjee as its CEO, reports the Economic Times. Mukherjee joins PayU from Reliance Payments where he was the co-CEO. Mukherjee will look after business worth $100 million (growing at 30% YoY), build the company’s credit business and partner with financial institutions.

Mukherjee comes in place of Amrish Rau, who started heading fintech partnerships and investments at PayU’s South Africa based parent company Naspers since last month. At the time, PayU India’s managing director Jitendra Gupta became the head of LazyPay. Both Rau and Gupta joined PayU after it acquired Citrus Pay – a fintech company they founded – for $130 million in cash.

Last month, PayU separated its lending entity – PayU Finance India – from the main company, presumably to turn the entity into a lending business, after PayU India’s NBFC license was approved in September last year. Jitendra Gupta leads the entity out of Mumbai with around 100 employees. PayU claims that its credit products customer base is 1 million, and it has disbursed credit worth Rs 200 crore.

PayU India metrics

  • PayU claims to cover 60% of the airline business payments, and 90% of ecommerce payments
  • It claims to process payments of Rs 90,000 crore annually
  • Counts Amazon, BookMyShow and Ola as clients
  • Claims 450,000 merchants

Also read: 


You May Also Like


The National Payments Corporation of India is in the process of rolling out a completely open source platform for the Unified Payments Interface (UPI)...


MobiKwik’s net revenues grew by 134% to ₹379 crore at the end of FY20 from ₹162 crore on the back of higher revenue from...


Non-bank lender Bajaj Finance is planning to enter the competitive Unified Payments Interface (UPI) market with its own third-party app called Bajaj Pay. The...


Digital payment adoption has grown significantly in the last year, reflecting a secular trend among Indian consumers and businesses, TR Ramachandran VISA Inc’s group...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ