🎉🎉Odaily Planet Daily News! Indian fintech giant Paytm is making management changes to promote the development of payments and financial services. 👏👏

Rakesh Singh, a veteran with more than 20 years of financial experience, has been appointed as the new CEO of Paytm Money, Paytm's investment arm. He previously served as CEO of Fisdom's stock brokerage entity and also held important positions at ICICI Securities and Standard Chartered Bank. 👨‍💼👨‍💼

Rakesh Singh succeeds Varun Sridhar, who will serve as CEO of Paytm Services, mainly responsible for wealth products and mutual fund distribution. 🔄🔄

At the same time, Bhavesh Gupta, who was president and chief operating officer of Paytm's payment and lending division, will leave for personal reasons. He will become a consultant to assist Paytm's expansion efforts until the end of the year. 👋👋

Paytm said that these new appointments are in line with the company's initiatives in expansion, innovation and regulatory compliance. 💼💼

Blockchain industry, let us look forward to Paytm's new chapter together! 🚀🚀