Paytm has appointed Deependra Singh Rathore, a former Senior VP of Technology at Payments, as its new Chief Technology Officer for Payments. Manmeet Singh Dhody was demoted to the position of “AI Fellow” on Friday.
According to a BSE statement by the firm, Deependra Singh Rathore has been employed by Paytm and its affiliate Paytm Payments Bank Limited since January 2016. Rathore was employed by Agnity and Snapdeal before Paytm.
“He is currently the Senior Vice President – Technology and drives AI-led strategic initiatives and oversees the design and implementation of payment products and services,” Paytm Parent One97 Communications said in the filing.
“At Paytm, he has built and enhanced payments technology to provide exhaustive payment solutions to merchants and customers, such as the online payment gateway, QR payments, and card payments.”
Following a number of high-level departures, One97 Communications CEO Vijay Shekhar Sharma revealed plans to restructure the senior leadership team at the company’s most recent AGM. Dhody, who was previously Director of Software Development at Amazon, joined the payments startup in 2020.
“As India’s leading tech innovator, we have always championed innovations that drive mobile payments and inclusive financial service distribution to the masses. We are excited to see Deependra Singh Rathore step into the role of CTO and build for financial services in the AI age. We also welcome Manmeet as an AI Fellow, helping accelerate our vision of integrating AI-driven processes across our business operations,” a Paytm spokesperson said.
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