PayU India’s managing director Jitendra Gupta has stepped down from his role after a stint of 8 years. Pallav Jain, country head of PayU Finance, is reportedly expected to take over responsibilities from Gupta.

While Gupta confirmed his resignation on his twitter, he is yet to disclose his future plans. Gupta is likely to start his second venture in the fintech space. He’s reportedly doing research on the segment and is also testing some ideas. In 2010, Gupta had founded his first fintech venture Citrus Pay which partners with the airlines, utilities, marketplaces, and other merchants to ensure online transactions. However, the company was acquired by Naspers-owned PayU for $130 million in 2016, after which Gupta took over as MD of PayU India.