Paytm Appoints Ramana Kumar as CEO for Middle East Business

DELHI NCR, India--(BUSINESS WIRE)--May 26, 2025--

Paytm (One97 Communications Limited), India’s leading payments and financial services distribution company and pioneer of mobile payments, QR codes and Soundbox, today announced the appointment of Mr. Ramana Kumar as Chief Executive Officer for its Middle East business. He brings over 20 years of leadership experience in the fintech, payments, and banking sectors along with deep expertise in driving innovation and business growth in financial services.

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Before joining Paytm, Mr. Kumar was the founding CEO of Magnati, a leading payments company in the United Arab Emirates (UAE) and a subsidiary of First Abu Dhabi Bank (FAB), where he led key initiatives to modernize payment systems and drive business growth. He also served as Executive Vice President at FAB, overseeing the bank’s payments and digital banking businesses. Prior to that, he was Managing Director and Head of Global Transaction Banking – Product and Business Management at the National Bank of Abu Dhabi (NBAD), where he played a key role in developing digital banking and payment solutions. Over the years, Mr. Kumar has built a strong reputation for creating scalable, innovative, and secure payment solutions.

Mr. Kumar will lead Paytm’s expansion in the UAE and the broader Middle East, focusing on developing digital payment solutions tailored to local needs. He will leverage the company’s proven technology and expertise as a pioneer of mobile payments and payment devices in India to drive regional growth. His appointment marks a key step in Paytm’s journey to bring its digital financial services to new international markets.

Vijay Shekhar Sharma, Founder & CEO - Paytm said, “We welcome Ramana, who has built a formidable merchant payments business in the UAE. We aim to serve the region by building and bringing strong regional leadership, backed by our proven technology.”

Mr. Ramana Kumar, Chief Executive Officer, Middle East, Paytm said, “I am excited to join Paytm and lead its Middle East business. The region is rapidly adopting digital payments, and there’s a strong demand for innovative, secure, and scalable solutions. Paytm’s technology, built and refined in India, is well-suited to meet these needs. We will work closely with regulators and ecosystem partners to introduce impactful innovations and strengthen the digital payments landscape.”

The company sees strong potential to expand its technology-driven merchant payments and financial services distribution model to international markets. Paytm is exploring select global opportunities as part of its long-term growth strategy, with meaningful results expected over the next few years.

About Paytm
Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

Vijay Shekhar Sharma, Founder & CEO, Paytm

LANSING, Mich. (AP) — Michigan Lt. Gov. Garlin Gilchrist II announced Monday he is suspending his campaign for governor and instead joining the race for secretary of state of the battleground state.

Gilchrist, a progressive Democrat from Detroit, did not cite a specific reason for the change in his video announcement, but said he is not finished being a “public servant.” His departure clears up the Democratic primary and benefits the frontrunner, Jocelyn Benson, who is the current Secretary of State, in the race to replace term-limited Gov. Gretchen Whitmer.

The secretary of state is Michigan's top election official, a highly politicized and visible role since the 2020 presidential election.

“Michigan has been ground zero in the battle for free and fair elections before, and it will be again,” Gilchrist said.

As Whitmer’s second in command and her running mate in two elections, Gilchrist struggled to match Benson’s name recognition and fundraising. He reported having around $378,000 of cash on hand as of October compared to Benson’s $2.98 million.

Benson is now set to face only Genesee County Sheriff Chris Swanson in the Democratic primary in August.

The inclusion of a well-known independent candidate has created a new problem for Democrats this year. Former Detroit Mayor Mike Duggan is avoiding costly primaries altogether by running as an independent. The Michigan Democratic Party slammed the former Democrat last week for not standing up to President Donald Trump’s second term policies.

In the Republican primary, U.S. Rep. John James, former Michigan Attorney General Mike Cox, state Senate Leader Aaric Nesbitt and former Michigan House speaker Tom Leonard are jockeying for the nomination.

In his bid to become secretary of state, Gilchrist will face four other Democrats: Barb Byrum, Ingham County clerk; Aghogho Edevbie, deputy secretary of state; Suzanna Shkreli, a former Whitmer aide and commissioner of the Michigan State Lottery; and Adam Hollier, a former state senator from Detroit.

Michigan does not hold primary elections for the secretary of state position; the nominee is chosen by precinct delegates during party conventions. The Michigan Democratic Party convention is scheduled for April 19.

State Republicans plan to hold their nominating convention March 28 and GOP figures chasing the party's nomination for secretary of state include Anthony Forlini, Macomb County Clerk, and Monica Yatooma, an Oakland County executive.

In addition to the office of the governor and secretary of state, Michigan voters will be selecting a new state attorney general and a U.S. senator in November.

FILE - Michigan Lt. Gov. Garlin Gilchrist II waits before the State of the State address, Wednesday, Jan. 24, 2024, at the state Capitol in Lansing, Mich. (AP Photo/Al Goldis, file)