Digital payments leader Paytm, the brand owned by One97 Communications, has today announced that Madhur Deora, currently CFO of Paytm, has been promoted as President of the company.

Vijay Shekhar Sharma, Founder & CEO, Paytm, said, "We have grown over 20x in the last 3 years by creating a payments-led lifestyle and financial services app in our country. The next phase of our journey is to expand our offerings in consumer internet and financial services. As we expand our business, we are promoting Madhur to the role of President. Madhur has been a key partner in this success."

Madhur Deora - President, Paytm said, “It has been an unbelievable journey at Paytm and I am excited about our next phase of growth in consumer internet and financial services. I look forward to working with Vijay and the management team to help build our organization for the future.”

Madhur has over two decades of professional experience. Prior to joining Paytm in October 2016, he served as Managing Director in Citigroup’s investment banking business in a career that spanned New York, London, and Mumbai.