PayU, India’s leading online payment solutions provider, announced two key appointments to its leadership team in order to scale-up its business. The company announced appointing Sudhir Sehgal as the Country Head and Manas Mishra to take charge as the new Chief Product Officer.
In his new appointment, Sudhir Sehgal will be looking after the strategy, development, and distribution of PayU’s domestic and international payments for its enterprise merchant portfolio. He will be responsible to grow the business as a full-stack enterprise fintech platform and work towards simplifying the payments for large businesses. Sudhir will operate from PayU’s head office in Gurugram.
Manas Mishra will be overseeing the formulation and execution of PayU India’s product strategy. Based in Bengaluru, he will be responsible for the next generation of PayU’s products and ensuring that PayU continues to innovate with solutions impacting merchant and customer experience.
Anirban Mukherjee, Chief Executive Officer, PayU India commented on the appointments. He said, “We are very happy to welcome Sudhir and Manas into these roles, finalizing a phase of expansion in our India leadership team that we first made public late last year. Sudhir, with his vast breadth of experience across payment, credit and banking will help build and scale up our enterprise products portfolio. With Manas we have someone with outstanding knowledge of our products and the market. With his in-depth understanding and industry acumen, Manas will lead product innovation and promote the development of our differentiated products and service offerings.”
Sudhir Sehgal, Country Head – Enterprise Business, PayU India said, “I have always had a tremendous amount of respect for PayU for being pioneers in the digital payment landscape and India’s largest online payments processor. I am thrilled to join them and further upscale the enterprise business with products and services based on advanced technology and contribute to PayU’s growth journey.”
Manas Mishra, Chief Product Officer, PayU India said, “At its core, PayU is a leader in providing best in class payment experience with future-ready products and solutions. I am excited to be a part of this innovative and robust organisation which has a unique vision of integrating services on one platform. I look forward to bringing my expertise to PayU as we help build a scalable product portfolio and drive business profitability designed with a sharp customer-first mindset.”
Sudhir has a vast experience of 20+ years across product and portfolio management, brand management, underwriting, sales, and distribution. Prior to this, he was with HDFC bank as Senior Vice President as part of the core payment business team which spearheaded businesses like consumer cards, merchant acquiring and e-commerce. He has an in-depth understanding of financial products across the Indian landscape and has been instrumental in setting up business units such as mortgage and consumer durable finance.
Manas holds an experience of close to two decades in ad tech, payments and consumer internet space, including his recent role as head of payment experience at Flipkart. He has launched many industry-first features in the payments, refunds and consumer finance space in his prior roles.
PayU has recently raised an initial seed funding of around $8 million, led by PayU and Fosun RZ Capital to help offline merchants with their digitization journey.
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