In a significant strategic development, Anirban Mukherjee, currently serving as the Chief Executive Officer (CEO) of PayU India, has been appointed as the global CEO of PayU. This transformative decision reflects PayU’s intention to refocus its operations on the thriving digital payments landscape of India. Meanwhile, Laurent Le Moal, the incumbent Global CEO, will transition into an advisory role within the company.
The transition of leadership will see Anirban Mukherjee assuming the role of Global CEO, taking charge of PayU’s worldwide business operations. He will report directly to Ervin Tu, the interim CEO of Prosus and Naspers, the parent company of PayU. This change signifies a pivotal juncture in PayU’s journey as it prepares to shape the future of the global digital payments industry.
Anirban Mukherjee’s appointment as Global CEO underscores PayU’s strategic pivot towards a more India-centric approach. India’s digital payments sector is currently undergoing unprecedented growth and innovation, buoyed by progressive regulatory reforms. With this leadership transition, PayU aims to leverage the abundant opportunities presented by this dynamic landscape.
PayU India, which claims to serve over 450,000 merchants, collaborate with more than 70 major banks through its paytech platform known as Wibmo, and offer credit facilities to over 2 million Indian customers, continues to experience robust growth. The company plays a vital role in India’s dynamic fintech sector.
PayU views the Indian government’s Digital India initiative and the forward-thinking regulations of the Reserve Bank of India (RBI) as significant growth prospects. The company is focused on establishing a resilient fintech presence in India, capitalizing on these favorable factors.
Prosus, the parent organization of PayU, has played a pivotal role in fostering PayU’s growth. In his role as global CEO, Anirban Mukherjee will collaborate closely with Ervin Tu, the Interim CEO of Prosus and Naspers, as PayU embarks on its next phase of expansion in India and Southeast Asia.
Prosus’s payments and fintech segment has demonstrated impressive growth, with consolidated revenue surging by 52 percent to $903 million in the fiscal year 2023. PayU is also experiencing accelerated growth in Southeast Asia and is enthusiastic about the opportunities for further innovation and expansion in this region.