Paytm Payments Services CEO Nakul Jain steps down

New Delhi: Nakul Jain has stepped down as Managing Director and Chief Executive Officer of Paytm Payments Services Ltd (PPSL), as the fintech company continues to await approval from the Reserve Bank of India (RBI) for its payment aggregator licence,

In a regulatory filing by 0ne97 Communications, parent firm of Paytm, on Tuesday said that Jain has resigned from his position w.e.f. close of business hours on March 31, 2025 or an earlier mutually agreed date.

“Mr Jain has decided to pursue an entrepreneurial journey, which has led him to this decision,” said the regulatory filing.