Digital Payments firm PayU India CEO Amrish Rau has been getting into a larger role at South Africa-based parent firm. Under the new role, Rau is going to head of Financial Technology Partnerships and Investments for Naspers.
Following Rau’s elevation, PayU will replace the Indian CEO with a new candidate in near future.
While Rau himself hasn’t responded the medis with any comment on his part, ET’s sources have revealed that the new role will expect the Citrus Payments MD and owner to drive the fintech disruptions in India and guide the partnerships and investments in a way that Naspers ends up dominating the Indian fintech market.
As per the internal letter circulated amongst the employees, Rau will continue to report to CEO of PayU – Laurent le Moal.
Rau started his career in the fintech segment as the Regional Salaes Manager at NCR Corporation, went on to become the VP and later CEO at First Data Corporation. He had joined PayU India when Citrus Payments, where he was serving as CEO, had been acquired by the Netherlands headquartered company.
Having worked with Rau initially as the founder of Citrus Payments, Jitendra Gupta also moved to PayU India with Rau and is currently leading the company as the Managing Director.
As per the same internal letter Gupta will head the company’s credit product LazyPay.
Other than this, Shailaz Nag is all set to head PayU India’s latest project of facilitating offline merchants with BharatQR codes services along with the larger offline business. The enterprise business will now be led by Rahul Kothari.
The internal letter was sourced by ET.