Noida, September 2025 — Paytm has announced the appointment of Deepak Abbot as the new Chief Executive Officer (CEO) of Paytm Payments Bank, marking a significant leadership change at a crucial time for the fintech major.
A Familiar Face in India’s Fintech Ecosystem
Deepak Abbot is a well-known figure in India’s digital and fintech industry. He was one of Paytm’s early senior executives, having served as Senior Vice President until 2019, where he played a key role in driving user growth, product expansion, and digital payments adoption. After leaving Paytm, he co-founded Indiagold, a fintech startup focused on digital lending and gold-based financial services.
His return to Paytm comes with deep expertise in building scalable financial products and a track record of entrepreneurial leadership.
Why This Appointment Matters
- Rebuilding Trust: Paytm Payments Bank has been under regulatory scrutiny in recent years. Abbot’s appointment is expected to help strengthen compliance, governance, and operational stability.
- Product Expansion: With his experience in consumer-facing fintech, Abbot is likely to expand Paytm’s offerings in payments, lending, and digital banking.
- Growth Strategy: Abbot’s leadership could accelerate Paytm’s financial inclusion goals, particularly in Tier-2 and Tier-3 markets where digital banking is rapidly growing.
Industry Context
India’s digital payments and fintech industry is one of the fastest growing in the world, projected to reach $150 billion by 2030. However, rising competition from PhonePe, Google Pay, Amazon Pay, and traditional banks has made it essential for Paytm to differentiate itself through technology, compliance, and trust-building.
The leadership change comes at a time when Paytm is looking to stabilize its payments bank operations and rebuild momentum in its broader financial services ecosystem.
Paytm’s Statement
In its official announcement, the company stated:
“Deepak Abbot’s deep understanding of the fintech landscape and his strong connection with Paytm’s vision make him the right leader to take Paytm Payments Bank into its next phase of growth and trust-building.”
