wordpress blog stats
Connect with us

Hi, what are you looking for?

PayU India co-founder and MD Shailaz Nag steps down

PayU India co-founder and managing director Shailaz Nag has resigned, reports the Economic Times, making this the third executive departing the company in the last six months. Nag is reportedly looking for an opportunity in the payments space. Last week, Jitendra Gupta, PayU India’s managing director stepped down, reportedly to start his own venture. In January, PayU India’s CEO Amrish Rau – also the founder of Citrus Pay – moved on to a broader role at PayU parent company Naspers.

A PayU representative said the company is “heading towards the next phase of growth in India: creating a full regional Fintech eco-system. This is why we are in the process of on-boarding new expertise and talent. We will be making further announcements on this soon”.

Nag has been with PayU since 2011 when it was founded. Prior to that he was a founding member of ibibo Group and earlier was head of business and finance operations at Yahoo!

You May Also Like

News

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...

News

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...

News

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...

News

While traditional lenders have historically ignored small businesses, merchants and some customer segments, payment players have banked on the swaths of data they have...

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