Noida, May 7 -- Ahead of Paytms announcement of its yearly and fourth-quarter financial results later this month, two senior officials have stepped down, adding to a growing trend of top-level departures at the Noida-based mobile payments company, media reported.

Ajay Vikram Singh, the Chief Business Officer (CBO) in charge of UPI and User Growth, and Bipin Kaul, the CBO leading Offline Payments, are both slated to leave the company, Moneycontrol reported citing three sources familiar with the matter.

Paytm said in a statement to Moneycontrol that the organization is currently undergoing a restructuring effort, and these adjustments are part of its strategy to bolster the next generation of leadership within the firm.

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