In the given role, Singhal will be responsible for designing effective business strategies and bring in growth, PayU India said in a statement.
The company had recently partnered with IndusInd Bank to bring the full suite of consumer banking products online and powering the same through payment innovations and online eco-systems enabled by PayU.
"We will continue to build strong relationships with banks and bring out products which will largely impact the Indian online payment space," Singhal said.
The consumer business category will aim at unifying Indian banking services with latest fin-tech innovations by PayU and create a shift in the way banking and payments is done in India, the statement said.
Singhal joins PayU India with over a decade of experience in business and technology. During his stint with Bharti Airtel, he led the channel marketing and mobile Internet growth.
An alumnus of IIT Delhi and IIM Ahmedabad, he has also worked at One97 and Tradus.Com.
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