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Tag: Renu Satti

  • Paytm Payments Bank CEO Renu Satti quits

    Paytm Payments Bank CEO Renu Satti quits

    MUMBAI: Paytm Payments Bank CEO Renu Satti has resigned from her post after serving the responsibility for one year and two months. Now, she will head the new retail initiative of the firm as chief operating officer. The company has not found her replacement yet.

    “Renu Satti will be leading the charge as COO of this new (retail) initiative…She has already resigned from Paytm Payments Bank CEO position and the bank will soon be recruiting a new CEO,” Paytm said in a statement as quoted by the Press Trust of India.

    Satti has been recognised for making its marketplace, movie-ticketing and payments bank businesses from the ground-up. “She has been a champion of new business launches and her acumen makes her a perfect candidate for leading this important launch,” the company said.

    Under the ‘New Retail’ model, consumers will able to discover nearby pharmacies, groceries and other shops to place an order and get instant deliveries.

    The company started the business as a mobile recharge platform and later expanded into digital payment solutions and e-commerce (Paytm Mall).

  • Paytm aims at 50% share of movie weekend collection

    MUMBAI: Paytm has announced that its movies segment is aiming to contribute 50% to the opening weekend online collection of leading Hollywood and Bollywood Movies by end 2017. The company will achieve this with extensive marketing partnerships to further increase its adoption and reach.

    Paytm Movies has received an exceptional response with more than Rs. 400 crore in GMV within a year of launch. Contributing more than 20% to the opening weekend collection of all major Hollywood and Bollywood movies, the platform is garnering major traction from Tier II and Tier III cities by upgrading traditional offline ticket booking systems in local theaters to online ticketing. It is also using its widely popular Paytm QR codes to implement easy scan-and-book offline ticketing at their box-office and F&B counters.

    “We are thrilled to have a great start to 2017 by achieving blockbuster sales for key movie releases. Our aim this year is to contribute more than half of opening weekend online collection for all major movies. We will continue working with all move theatre chains to increase online ticket sales by promoting them aggressively amongst our vast user base,” says Paytm vice president Renu Satti.

    Paytm’s online movie ticketing service is available at more than 3500 screens across 550 cities and the platform’s pan-India distribution reach has led to it currently accounting for around 20% share of opening weekend box-office collection for most movies.