Paytm’s parent One97 Communications has appointed Nakul Jain as the CEO of Paytm Payments Services Ltd (PPSL). Praveen Sharma, who is now serving as the acting CEO of PPSL, has been promoted to oversee the organisation’s commerce vertical in addition to his other duties.
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Jain earlier served as managing director of private banking, priority banking, deposits and branch banking at Standard Chartered Bank. He holds over 22 years of experience in retail banking and has worked in sub-sectors such as branch banking, wealth management, product and segments, distribution, retail assets and acquisition.
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