India, May 22 -- Fintech major Paytm has roped in Magnati's founding chief executive officer Ramana Kumar as chief executive officer (CEO) for its Middle East business.

The appointment comes days after Paytm's arm Paytm Cloud Technologies Ltd (PCTL) incorporated a wholly owned subsidiary in the United Arab Emirates (UAE).

At Paytm, Kumar will be leading its UAE and Middle East expansion with focus on developing digital payment solutions tailored to the local needs.

The latest appointment also aligns with Paytm's vision to expand globally.

In 2021, Kumar joined Abu Dhabi-based Magnati as the CEO where he led initiatives to modernise payments and drive business growth. Prior to that, he served as the executive vice president for payment...