Grab nabs Paytm engineering head to be new payments CTO

GrabPay CTO Vikas Agrawal. Photo credit: Grab.

Grab has appointed Vikas Agrawal as chief technology officer (CTO) of its mobile payments unit GrabPay. His arrival is the latest in a string of hires and acquisitions that the company has made as it moves beyond ride-hailing to build its credentials as a payments platform.

Agrawal was previously a senior vice president at Indian digital payments firm Paytm, where he led a team of 200 engineers. Prior to joining Paytm in February 2016, he was co-founder and CTO at ecommerce startup Fashionara.

He will be based in Bangalore, where Grab has a research and development facility.

Grab group CTO Theo Vassilakis highlighted Agrawal’s tech leadership at Paytm at a time when India has been attempting to reduce its reliance on cash.

“Vikas has steered some of the world’s largest epayments platforms through rapid growth, including during the critical time of 2016’s demonetization of higher value banknotes in India,” he said. “We believe Southeast Asia…