Sameer Nigam is an Indian businessman who founded PhonePe, a UPI-based online payment system, in 2015 and currently serves as its CEO (CEO). Sameer Nigam also worked at Flipkart as the Senior Vice President of Engineering. He started his first company, Mime360, in 2009, which connects content owners with content creators.
He had a successful corporate career and had pleasant entrepreneurship adventures to his credit. Sameer Nigam demonstrated expertise in product marketing, e-commerce, strategic partnerships, online marketing, digital strategy, user experience, web applications, startups, mobile marketing, digital media, special needs, company development, web development, web analytics, and a variety of other areas.
Education
DPS Noida was where Sameer Nigam did his official schooling. He graduated from the University of Mumbai with a degree in Computer Engineering. He then pursued a Master of Science in Computer Engineering at the University of Arizona (1991-2001). Later, he earned a Master of Business Administration in Entrepreneurship from the University of Pennsylvania’s Wharton School (2007-2009).
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Career of Sameer Nigam
On January 14, 2016, he made a personal investment in an organization called Artifacia. The Economic Times named him one of the top 40 Indian business executives under the age of forty.
From May 2001 through June 2007, Sameer Nigam was the Director of Search Product Development at Shopzilla. Mime360, an online social media distribution channel, was his next enterprise, which he established in 2009. Flipkart later purchased the company.
From October 2011 till August 2015, he worked for Flipkart. Sameer Nigam worked as a Vice President and Senior Vice President for the e-commerce behemoth in many sectors, including marketing and engineering. In 2015, he also created his digital wallet platform PhonePe, where he serves as the CEO.
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PhonePe
PhonePe is an Indian digital payments and financial services firm based in Bengaluru, Karnataka. Sameer Nigam, Rahul Chari, and Burzin Engineer founded PhonePe in December 2015. In August 2016, the PhonePe app, which is based on the Unified Payments Interface (UPI), went online.
PhonePe allows users to send and receive money, as well as recharge mobile phones, DTH, and data cards, pay bills, invest in tax-saving funds, liquid funds, buy insurance, mutual funds, gold, and silver.
In addition, PhonePe’s Switch platform allows users to book Ola rides, pay for Redbus tickets, and book flights and hotels on Goibibo.
In India, the PhonePe app is accessible in 11 languages.
Over 2.5 crore merchants accept PhonePe as a payment method. Across 15,700 towns and villages, there are physical and internet merchant establishments. In June 2018, the app reached a milestone of ten million users, as well as 500 million transactions in December 2019. It has around 35 million registered users and over 15 million monthly active users.
The Reserve Bank of India has granted PhonePe permission to issue and operate a semi-closed prepaid payment system, with Authorisation Number: 75/2014 dated August 22, 2014.
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