Paytm Payments Bank Limited (PPB), the bank floated by digital payments major Paytm, has appointed Sairee Chahal on its Board of Directors. Sairee is the Founder and CEO of SHEROES - a community platform for women, offering support, resources, opportunities and interactions via Sheroes.com and the SHEROES App.
“We are delighted to have Sairee Chahal on our board. She has comprehensive experience of customer service ecosystem. We will benefit from her knowledge and expertise,” Satish Gupta, MD and CEO of Paytm Payments Bank said in a statement.
According to a statement from Paytm, Sairee, a technology entrepreneur has straddled the best of both worlds in her ventures Newslink, Fleximoms and now SHEROES. Her community-meets-deep technology approach has made SHEROES a globally formidable platform, changing the game for women and their aspirations. Over a million women have been directly benefited, and under Sairee's leadership, SHEROES aims to impact over 100 million women in the next five years.
Speaking about the association, Sairee mentioned, “I am delighted to be a part of the team which is on a mission to bring millions of under-served and un-banked Indians into the economic mainstream. This is a revolutionary concept of using technology to reach the last mile.”
Paytm has been on an expansion spree as well. In the beginning of April, Paytm Payments Bank launched its second branch, nearly two years after setting up its first branch in May 2017. According to a MoneyControl report, the bank is targeting 10 crore savings accounts by March 2020 and increase its wallet users from 26 crore to 40 crore. It currently has over 4.4 crore savings account and Rs 2,000 crore in overall customer deposits and the company claims t hold 35-40% of the market share in the payments bank space.