Strategically, Ritesh Pai has been named CEO of PhonePe’s international payments unit by Walmart, the company that owns the fintech company.

This initiative is in line with India’s goals of expanding the Unified Payments Interface (UPI) worldwide, which has piqued the interest of countries such as Japan, Singapore, the UAE, France, and the UK.

Phonepe

A Veteran at the Head of Online Payments: Ritesh Pai

Ritesh Pai has extensive expertise in the field of digital payments and brings a plethora of knowledge to his current position. He is an adept in launching new products and building worldwide strategic alliances for businesses.

Numerous nations are investigating the possibility of implementing the UPI model as India seeks to expand it worldwide. There has been a major change in the international payments scene, and this might completely alter the way money is exchanged around the world.

Launched last year, “UPI International” was a game-changer for PhonePe since it enabled Indian consumers to pay foreign businesses using UPI when traveling abroad. Using local QR codes, this service includes merchant outlets in the UAE, Singapore, Nepal, and Bhutan.

The Life and Work of Ritesh Pai

When Ritesh Pai was president of products and solutions at TerraPay, he oversaw the worldwide introduction and implementation of the company’s payment products and solutions.

His expertise in digital strategy and transformation was on full display during his time as senior group president and chief digital officer at Yes Bank. During this time, he successfully formed alliances with prominent fintech companies.