Paytm hires 2 Citi executives for its payments bank

Further consolidating its position as an industry leader, Paytm, India’s largest mobile payments and commerce platform, has announced the appointment of Ruchita Taneja Aggarwal as its lead of banking operations and Priya Karnik will be working on products for Bank. Both Ruchita and Priya were previously associated with Citi in leadership roles; while Ruchita was Director – Treasury and Trade Solutions (TTS) and Singapore Head - Regional Product Sales, Priya's last role with Citi was - Director – Treasury and Trade Solutions (TTS) - Regional Implementation.

Speaking on their appointments, Amit Sinha, Vice President – Paytm, said, “We, at Paytm, are committed to keep enhancing our services and product portfolio by bringing more experience and talent into our team. We are confident that with them on board, we will be able to drive greater growth and success for the organization.”

Ruchita said, “Paytm is one of the most renowned Indian companies today, and joining the team is a source of immense pride and delight for me. I will be looking forward to work with this extremely talented bunch of professionals and play my role in the company’s continued success.”

Holding an MBA from S.P.Jain Institute of Management & Research, Mumbai, Ruchita brings almost 14 years of experience in the field of payments and finance. She has been integrally involved in execution, ideation and planning of new business strategies at Citi Transaction Banking as a part of her job responsibilities, and has led sales of complex, multi-country working capital solutions to corporates in India and Singapore. For her efforts, she was also named the Best Woman Sales Director at the first-ever India Women in Sales Awards, 2015.

Priya added, “It is no secret that Paytm is expanding and diversifying at an exponential rate. Joining the organization gives me an unparalleled opportunity to work with some of the most well-known industry thought leaders who are trying to build something new and unique. I am very excited to be a part of Paytm, and am eagerly looking forward to growing in tandem, both professional and personally, with the organisation.”

An alumnus of the Indian Institute of Management, Calcutta, Priya holds almost 13 years of experience in Payments and Cash Management with diverse stints across product management, sales and operations. Having worked in global headquarters (New York), regional (Asia-Pacific) and in-country (India) roles over her career, she brings a wealth of experience and knowledge of global payments to Paytm.