Naspers-owned PayU India strengthens leadership team

Online payments and mobile wallet company PayU India Internet Pvt Ltd is strengthening its upper deck to expand leadership bandwidth and consolidate presence in global markets.

McKinsey & Co's Raj Kamal has joined the Gurgaon-based company as vice president of strategy while Sanjeev Sandhu has been appointed as business head of PayU Global's technology solutions business, as per a press statement. Few days ago, PayU had appointed Prabhakar Tiwari as its chief marketing officer.

"We are now looking to consolidate our global presence and Kamal, Sandhu and Tiwari will play a key role in achieving this aim. These industry veterans have years of experience in the global market and will contribute in shaping the organisation's direction, allowing PayU to tap into more vibrant economies," said PayU India CEO and co-founder Nitin Gupta.

An alumnus of IIT-Bombay and the Indian School of Business (Hyderabad), Kamal was associated with McKinsey & Co for 12 years. Prior to that, he worked as an IAS officer for eight years. Sandhu has over 17 years' experience in business development and sales across geographies.

PayU India started in 2011 as a unit of Gurgaon-based Ibibo Group, which is controlled by Naspers Group, South Africa's media and internet powerhouse.

In February 2014, Ibibo hived off PayU India to Naspers for a stake in the global payments business of the Cape Town-based conglomerate.

PayU India had acquired mobile-based payments firm Cobboc Pvt Ltd, which offers a mobile-based payments app Eashmart, for an undisclosed amount late last year.