Nakul Jain, the Managing Director and Chief Executive Officer of Paytm Payments Services Limited (PPSL), has tendered his resignation to pursue an entrepreneurial path. The company disclosed this development in a regulatory filing on January 28, 2025.
Jain’s departure comes as PPSL awaits the Reserve Bank of India’s approval for its revised Payment Aggregator license application. In the interim, the company remains committed to providing uninterrupted services to its merchants.
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Nakul Jain joined PPSL in June 2022, bringing over two decades of experience in retail banking, wealth management, and international banking. His leadership has been instrumental in steering the company’s online payments business.
The company is actively seeking a suitable replacement and will announce the new appointment in due course. In the meantime, PPSL remains focused on driving growth and achieving its business objectives.
Source: Web Team, C6N
