Former Yes Bank Executive Ritesh Pai Takes the Helm as CEO of PhonePe’s International Payments Business

Elevating PhonePe’s Global Presence: Ritesh Pai’s Appointment Signals a Strategic Leap into International Payments Arena


In a strategic move to bolster its international expansion plans, fintech major PhonePe has welcomed seasoned executive Ritesh Pai as the new CEO of its international payments business. Pai, with an impressive background in digital payments and a wealth of experience from his previous roles at Yes Bank and TerraPay, is poised to play a key role in driving PhonePe’s global growth initiatives.

Background of Ritesh Pai:

Ritesh Pai, the former president of products and solutions at TerraPay, brings a rich history of accomplishments in the digital payments sector to his new role. Prior to joining PhonePe, he served as the senior group president and chief digital officer at Yes Bank, where he played a pivotal role in shaping the bank’s digital strategy.

PhonePe’s Focus on International Growth:

The appointment of Ritesh Pai comes at a crucial juncture for PhonePe as the company sets its sights on aggressive growth both domestically and internationally. With a vision to expand its footprint beyond borders, PhonePe aims to leverage Pai’s expertise to navigate the complexities of international markets and establish itself as a prominent player in the global fintech landscape.

Pai’s Role in Driving Global Expansion:


PhonePe has expressed confidence in Ritesh Pai’s ability to lead its international payments business, citing his proven track record in launching and implementing payment products and solutions on a global scale. As the CEO of the international payments division, Pai is expected to bring fresh perspectives, innovative strategies, and a deep understanding of the evolving fintech landscape.

Strategic Implications:

The fintech industry is witnessing rapid advancements, and the appointment of Ritesh Pai signifies PhonePe’s commitment to staying at the forefront of this evolution. By securing an industry veteran with a successful track record, PhonePe is positioning itself to not only navigate the complexities of international markets but also to capitalize on emerging opportunities in the global payments landscape.


As PhonePe embarks on its journey of international expansion, the addition of Ritesh Pai as the CEO of its international payments business marks a significant milestone. With Pai at the helm, PhonePe is poised to strengthen its position as a global fintech leader, contributing to the company’s vision of revolutionizing digital payments on a global scale. The industry will be watching closely as PhonePe, under Pai’s leadership, continues to make strides in the dynamic and competitive world of international fintech.

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