Paytm has appointed Ramana Kumar as Chief Executive Officer for its Middle East business as part of its strategy to expand internationally. Kumar brings more than two decades of experience in banking, payments, and financial technology. He previously served as the founding CEO of Magnati, a UAE-based payments firm under First Abu Dhabi Bank (FAB), where he led efforts to modernize payment systems. He also held senior leadership roles at FAB and the National Bank of Abu Dhabi, where he focused on digital banking and transaction services. His appointment signals Paytm’s commitment to developing digital payment solutions tailored to the Middle East market.
Kumar will oversee Paytm’s growth efforts in the UAE and surrounding regions, using the company’s technology from India to build services aligned with local needs. He plans to work closely with regulatory bodies and partners to introduce secure and scalable digital payment options. Vijay Shekhar Sharma, Founder and CEO of Paytm, welcomed the appointment, highlighting, “We welcome Ramana, who has built a formidable merchant payments business in the UAE. We aim to serve the region by building and bringing strong regional leadership, backed by our proven technology.” Paytm views the Middle East as a key region for expansion, and with Kumar’s leadership, the company aims to deepen its presence by tailoring solutions to local market needs.
