Deependra Singh Rathore has been appointed as the new Chief Technology Officer (CTO) for payments at One 97 Communications, the parent company of fintech giant Paytm. His appointment marks a significant shift within the company’s leadership as it continues to drive technological innovation in the payments industry. Deependra Singh Rathore has been with Paytm since long, serving as a senior vice president at Paytm Payments Bank Ltd (PPBL), where he played a key role in the development and implementation of its technological strategies.

With Deependra Singh Rathore stepping into this crucial role, Manmeet Singh Dhody, who previously held the CTO position for payments, transitions into the role of AI Fellow. This new position is part of Paytm’s broader goal of integrating artificial intelligence into its operations, helping to enhance efficiency and bolster the company’s AI-driven processes. Manmeet Singh Dhody’s experience in overseeing payment technology will likely provide valuable insights in his new role.

One 97 Communications is known for its pioneering efforts in mobile payments and digital financial services in India. The appointment of Deependra Singh Rathore comes at a pivotal time as the company continues to adapt to regulatory changes and shifts in the financial services landscape. Earlier this year, Paytm Payments Bank was instructed by the Reserve Bank of India (RBI) to halt certain banking services, signaling a period of transformation for the company.

As the new CTO, Rathore is expected to lead Paytm’s efforts to build cutting-edge solutions for the payments industry, particularly in the age of artificial intelligence. This leadership change reflects One 97 Communications’ commitment to remaining at the forefront of fintech innovation.