A man speaks on a mobile phone as signage for digital payment services Paytm, JD Pay, and Airtel Payments Bank Ltd., are displayed at a store. (Photographer: Dhiraj Singh/Bloomberg)  

Paytm Payments Bank Adds Sheroes’ Sairee Chahal To Its Board

Paytm Payments Bank Ltd on Saturday said it has appointed entrepreneur Sairee Chahal to its board of directors.

Chahal is the founder and Chief Executive Officer of SHEROES -- a community platform for women.

SHEROES founder Sairee Chahal <i>(Source: The Quint)</i>
SHEROES founder Sairee Chahal (Source: The Quint)

"We are delighted to have Ms Sairee Chahal on our board. She has comprehensive experience of customer service ecosystem. We will benefit from her knowledge and expertise," PPB Managing Director and CEO Satish Gupta said in a statement.

PPB, which was incorporated in August 2016, formally began its operations in 2017. Paytm Founder Vijay Shekhar Sharma holds 51 percent stake in PPB, while the rest is held by One97 Communications.

Gupta had recently stated that PPB has 4.4 crore savings bank accounts with deposits of over Rs 400 crore as well as 26 crore wallet accounts.