Transak hired ex-Paytm Employees to Boost Crypto Adoption in India

Transak, a company that makes it easy for decentralised applications to convert traditional currencies into crypto tokens, is planning to double its expansion in India.

The global team has added two ex-Paytm employees Rajat Mehrotra,  AVP of Engineering at Paytm Money and Sharad Agarwal,  AVP of Products in the same vertical, to the platform to make India one of its key markets.

Rajat Mehrotra has nearly two decades of experience in building tech products for fintech and e-commerce companies. At Transak, he will lead the company’s engineering team to build out the company’s products even further. 

Sharad Agarwal will be heading the product, design, and data team to boost customer adoption across the globe. He has the experience to build game-changing products not just for Paytm, but also for Flipkart, Intuit and Synopsys.

Transak, also known as the "Razorpay of Cryptocurrency," has expanded its business to more than 100 countries and sees India as the next driving force for the adoption of large amounts of cryptocurrencies.

Last month, Transak introduced the Unified Payments Interface (UPI) integration to make the customer's onboarding process as easy as possible for Web3 developers seeking new users. This is basically a way to buy cryptocurrencies from dApp.