Paytm appoints Alibaba's former executive Mr. Bhushan Patil as President

Paytm, India’s mobile payment and commerce platform has appointed ex-head of Alibaba Group Holding’s wholesale business, Mr. Bhushan Patil as the company’s new President. Mr. Bhushan’s key areas at Paytm would include building company’s cross border commerce. Before joining Paytm, Mr. Patil served 5.5 years at the Chinese company, where he was handling operations of Alibaba.com. He 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. On the announcement, Mr. Vijay Shekhar Sharma, CEO and Founder, Paytm said, “We want to offer Indian merchants a compelling commerce platform and Mr. Bhushan brings incredible experience of building cross border commerce. It will help Indian merchants to sell globally too. As Paytm continues to grow at an exponential pace, it is important for Paytm to expand its operations outside India for further development." Mr. Bhushan, as a major accomplishment had also incepted, led and launched B2B Trade-Trust products across 50 countries in Asia/Europe and Americas & was instrumental developing new India plans for Alibaba.com B2B business.