On March 24th the Mobile Commerce Firm Paytm has appointed ex-head of Alibaba Group Holding’s Wholesale Business Bhushan Patil as the new president for the firm. They need to offer Indian Merchants a confident commerce platform and Bhushan will bring incredible experience of building cross border commerce.


The Paytm CEO and founder Vijay Shekhar Sharma has stated that Paytm has plans to expend the operations outside India for further development. His important highlight is to build the company’s cross border commerce. The appointment is expected that within a week’s time a Chinese based E-Commerce major Alibaba , who is an investor in Paytm and has said they will enter the country by this year.


Bhushan Patil has worked for five and a half years at the Chinese Company and he has looked after the business dealings for Alibaba.com. He was leading initiatives for world market business development across SME linked associations, banks, government trade associations, local trade services and e-companies.


Patil is very much thrilled as he looks forward to a mutually successful tenure at Paytm. Presently the Paytm has around 125 million users who make use of the services. It has also plans to catapult its payments bank at the earliest. The Paytm global investors are Ant Financials, Alibaba Group, SAIF Partners, Sapphire Venture and Silicon Valley Bank.



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