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India's Paytm President Bhavesh Gupta to resign from company

Reuters
Photo illustration of a Paytm logo

(Reuters) - Indian digital payments firm Paytm formally known as One97 Communications Ltd (OCL), said on Saturday its President and Chief Operating Officer Bhavesh Gupta will resign from the company by the end of this month.

Paytm said that Gupta's resignation was due to personal reasons and will be transitioning to an advisory role until the end of the year. He was appointed as President and Chief Operating Officer of the company in May last year.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Angus MacSwan)