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Alibaba’s Bhushan Patil moves to Paytm, as President

Patil will be responsible for building the mobile payment and commerce platform’s cross border commerce

BestMediaInfo Bureau | Delhi | March 28, 2016

Bhushan-Patil Bhushan Patil

Paytm, India’s mobile payment and commerce platform, has appointed Bhushan Patil President. Patil was till recently Head of Alibaba Group Holding’s wholesale business. Patil’s key responsibilities at Paytm would include building the company’s cross border commerce.

Patil spent five and a half years at the Chinese company, where he handled operations of Alibaba.com. At the largest B2B marketplace, he was instrumental in leading new initiatives for global markets business development across small and medium enterprises (SME) linked associations, banks and Government trade organizations, local trade services and e-companies.

Among his major accomplishments was incepting, leading and launching B2B Trade-Trust products across 50 countries in Asia, Europe and the Americas. Patil was instrumental in developing new India plans for Alibaba.com’s B2B business.

Vijay Shekhar Sharma, CEO and Founder, Paytm, said, “We want to offer Indian merchants a compelling commerce platform and 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. We welcome him to be a part of Paytm’s go big, go global strategy”.

Patil said, “It is indeed an honour to be a part of the Paytm vision and strategy both towards national cashless economy and the plan to take Paytm overseas. I’m thrilled to come on board at one of the fastest scaling payments and commerce platforms in the country and look forward to a mutually successful tenure at Paytm.”

Paytm’s Indian business is growing rapidly. The company aims to sell $2 billion worth of products in 2016 and see the sellers’ growth at 5 lakh from 1.7 lakh currently.

Info@BestMediaInfo.com

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