BharatPe, a fintech company based in New Delhi, announced on Wednesday that it appointed Pankaj Goel, a former Razorpay executive, as its chief technology officer.
Pankaj Goel led the payments engineering department at Razorpay, a supplier of payment infrastructure, before joining BharatPe. In his new position, Goel will be in charge of BharatPe’s technology department and the group firms’ approach to innovation, as reported by The Economics Times.
“I am thrilled to be a part of BharatPe, focussing on building a portfolio of fintech products for a wider set of merchants and consumers. As digital becomes more mainstream, I believe there is a huge opportunity for fintech companies to catalyse the next level of growth for merchants, as well as make an impactful contribution to the overall India story,” said incoming CTO Goel.
Pankaj Goel will answer to Nalin Negi, who also serves as BharatPe’s temporary CEO and chief financial officer. When the prior CEO Suhail Sameer left his position, Negi was named acting CEO in January of this year.
“With a seasoned engineering leader like Pankaj joining the team, we are confident that we will be able to build best-in-class fintech products that will further enable the next level of growth for the BharatPe Group,” said Negi in a press statement.
In 2018, BharatPe was established, and that same year, it introduced the first zero MDR payment acceptance service and the country’s first UPI-interoperable QR code. The only zero-MDR card approval systems in India were introduced by BharatPe in 2020. Currently processing 18 crore or more UPI transactions per month, it is a pioneer in UPI offline transactions and currently serves over 80 lakh merchants throughout 225+ cities.