Jammu, May 5 -- One of India's leading digital payment platforms has announced changes to its senior leadership team recently. As per sources familiar with the development, Paytm's Chief Operating Officer Bhavesh Gupta has stepped down from his role and will now take on an advisory position within the organization.

Gupta was overseeing key business verticals at Paytm including payments, lending and compliance-related functions. Some of these divisions were negatively impacted by regulatory restrictions imposed on the company's payments bank arm last year.

Paytm is said to be realigning leadership responsibilities to sharpen focus on its core businesses going forward. As part of the reshuffle, Rakesh Singh has joined as Chief Executive O...