Naspers appoints Reliance Jio payment head as CEO of PayU India
Naspers-owned PayU on Wednesday announced the appointment of Anirban Mukherjee as Chief Executive Officer of PayU India. Anirban will be taking over from Amrish Rau, who is moving on to a bigger global role with Naspers’ fintech practice, as its Head of financial technology partnerships and investments, said a release.
Amrish was one of the founders of CitrusPay, which was acquired by Naspers-backed PayU in 2016.
In his current role, Anirban will be reporting directly to CEO of PayU Global, Laurent Le Moal.
With two decades of experience in global payments, credit, and digital banking gained in the US, India, and broader Asia-Pacific region, Anirban will be responsible for all the operations and business lines of PayU India. In addition to this, he will identify investment opportunities to build out Naspers’ fintech ambitions, helping the company scale by leveraging existing assets and infrastructure. Anirban will also lead PayU into new fintech product categories that are aligned with PayU’s global strategy, such as remittances and credit.
Speaking on the appointment, Laurent Le Moal, CEO, PayU Global said,
“Attracting someone of Anirban’s calibre into the business is a great endorsement of our strategy and ambition. We are very pleased to have Anirban on board as a part of PayU's global leadership team, and I look forward to us benefitting from his wealth of knowledge and experience as we push through our next phase of innovation, focused on payments, credit, and fintech investments”.
Prior to this, Anirban was part of the leadership team at Jio, where he drove payments, merchant services, and digital financial services, and served as the Co-CEO of Reliance Payments Solution Ltd.
Commenting on his appointment, Anirban said,
“The pace of change in today’s global fintech market is exceptional. I am thrilled to join PayU’s global leadership team during such an extraordinary growth period of the fintech industry, in general, and the company in particular.”
Before joining Jio, Anirban worked with Standard Chartered Bank in India and APAC, and worked with CapitalOne as a senior executive leader in the US. He holds an MBA from Indian Institute of Management, Ahmedabad and is an alumnus of IIT Kharagpur.
PayU India claims that its payment gateway processes over Rs 10,000 crore of digital payments in India monthly. Further, its payment service provider, PayUBiz, has partnered with the likes of Amazon, Ola Cabs, and BookMyShow among others.
PayU’s offerings are presently used by over 4,00,000+ merchants across India.