India's largest mobile payment and commerce company Paytm, today announced that Amit Singhal, the former Head of Search at Google Inc., is set to join Paytm's board of directors.
Amit has been instrumental in shaping Google Search to seamlessly work across desktop, mobile and other devices. A Google Fellow, and former head of the core ranking team, he served for over fifteen years in the company.
Speaking on the announcement, Vijay Shekhar Sharma, Founder & CEO - Paytm said, "Amit is a pioneer in the technology industry and we are incredibly excited to welcome him to Paytm's board. We believe his strong expertise in Artificial Intelligence and experience in building large deeply technical teams will be extremely valuable to Paytm as we continue to grow rapidly."
"I have always admired Paytm for its innovative payment products and vision for financial inclusion. I'm delighted to be joining their board," said Amit. "I have a lot of respect for Vijay and his team, and look forward to working with them."
Amit, 48, joined Google in 2000 as employee number 176. One of the earliest team members, he rewrote the path-breaking search algorithms written by Google co-founders Larry Page and Sergey Brin. Born in Jhansi, Uttar Pradesh, Amit graduated from IIT Roorkee and has a doctorate in Computer Science from Cornell University.
While at Google, Amit spent his time building its core Search, and led it for 15 years, building a product known for both its quality of results and built-in features like spell check. In recent years, Amit spearheaded the transition of Google Search into the mobile era.
Since retiring from Google, Amit has focused on his philanthropic efforts through the Singhal Foundation. Amit is also an active investor and advisor to various companies.
Paytm is leveraging the positive network effect of its various online and offline use-cases to create India's largest cashless payment ecosystem. The company is dominating the country's offline commerce with its seamless online-to-offline (O2O) payment solutions.
The platform allows users to do online recharges and bill payments, book movie tickets, pay education fees, do travel bookings and shop for products online. Paytm's aim is to bring half a billion consumers to the mainstream economy, and the company is working towards its goal by onboarding consumers and merchants from every nook and corner of the country.