PhonePe appoints Ritesh Pai to lead fintech firm’s global expansion plans

Walmart-owned fintech firm PhonePe has appointed Ritesh Pai as chief executive officer of its international payments business. The move comes at a time when India is looking to take the Unified Payments Interface (UPI) global. Countries like Japan, Singapore, the United Arab Emirates, France, the United Kingdom, and others are looking to embrace the UPI model, according to industry sources.

Pai is a seasoned digital payments sector leader with a proven track record of launching innovative solutions and structuring strategic business partnerships globally.