Paytm, India’s mobile payment and commerce platform has appointed ex-head of Alibaba Group Holding’s wholesale business, Bhushan Patil as the company’s new President.
- Bhushan Patil joins Paytm as President after serving 5.5 years at the Chinese company, where he was handling operations of Alibaba.com. He will now focus on building Paytm’s cross border commerce.
- At the largest B2B marketplace, Bhushan was instrumental at leading new initiatives for Global Markets business development across SME linked associations, Banks and Government trade organizations, local trade services and e-companies.
- As a major accomplishment he incepted, led and launched B2B Trade-Trust products across 50 countries in Asia/Europe and Americas and was instrumental developing new India plans for Alibaba.com B2B business.
On the announcement, Vijay Shekhar Sharma, CEO and Founder, Paytm said, “We want to offer Indian merchants a compelling commerce platform and Bhushan brings incredible experience of building cross border commerce. It will help Indian merchants to sell globally too.”
Paytm’s Indian business is growing increasingly as it is aiming to sell USD two billion worth of products in 2016 with a growth of five lakh from 1.7 lakh currently.
