NEW DELHI: PayU India has named a new CEO in Anirban Mukherjee, who was till recently the co-chief executive of Reliance Payments. The Naspers-owned fintech major also outlined its plan to double its loan book to about $2 billion over the next couple of years.

Speaking exclusively to ET, Laurent Le Moal, global chief executive of PayU, said Mukherjee’s immediate responsibilities will be to manage $100 million worth of business, which, according to him, is growing at 30% year-on-year.

“He (Mukherjee) is coming on board at a very interesting time for PayU and Naspers fintech in India. The business is now significantly bigger… PayU is no longer a startup in India. It’s a leading digital payments player, and so you need to bring on board someone with international expertise,” Le Moal told ET over the phone.

A fintech veteran, Mukherjee is an IIT Kharagpur and IIM Calcutta alum. Besides Reliance Payments, which owns and operates Jio Money, he has also had significant stints in Standard Chartered Bank, Capital One and Accenture. Having started off as a payments platform, PayU over the last 24 months has been focusing on the consumer credit segment. It is now preparing to expand its presence in the small and medium-sized business lending space as well.

Separately, Jitendra Gupta, managing director at PayU India, will head the company’s credit product LazyPay.