back Back

Cashfree Payments appoints Abhaya Hota as an Independent Director

By Gloria Mathias

June 04, 2024

  • Abhay Hota
  • API payments
  • Autopay
Share

Cashfree Payments, Zecpe, Ecom360, D2C, Checkout Platform, Payments, API Payments, Online payments, Shopping, Ecommerce Platform, Jamboree, AutoPay, QR Code, Subscription-based Payments, onsite payments, eCommerce, India Merchant Payments, Shopify, One Escrow, Financial Transparency, Global Trade Palace, KYC Link, No-code verification Platform, Fintech News, Fintech India, Fintech Solutions, PAN Aadhar, KYC Verification, Banking solutions, Bill Payments, Biller Solutions, India, Flowise, Self-hosted Payments orchestration platform, Fintech news, Merchants Payments, Payments Infrastructure, Embedded Finance, Fintech News, Fintech India, RiskShield, Fraus, RegTech, Merchant Payments fraud,, Payments security, CRO, Abhay Hota, Cashfree Payments, India’s payments and API banking company, has announced the appointment of Former NPCI MD & CEO Mr Abhaya Hota as an Independent Director.

Abhaya Hota is a veteran in the Indian banking and payments industry and has spent close to three decades at the Reserve Bank of India. He was the Former managing director & CEO of the National Payments Corporation of India, where he played a critical role in the design, development and implementation of payment systems and policies in India. He was also instrumental in the implementation of MICR technology in cheque clearing, the launch of UPI, and RuPay credit cards, which are India’s card schemes.

Mr. Hota also serves as an Independent Director at Federal Bank, NSE Clearing, Protean e-Gov Technologies and RBI Innovation Hub.

Akash Sinha, Co-founder & CEO, Cashfree Payments said, “His wealth of experience at the highest levels of banking and finance in the country will be of great value to us, especially from a governance and strategic policies point of view. Mr. Hota will be a great asset to the Board and management at Cashfree Payments.”

Hota shared, “I am happy to join Cashfree Payments India Pvt. Ltd.’s board as an Independent Director and look forward to supporting them as they grow and scale India’s digital payments ecosystem.”

As a veteran of banking, finance, and payments, Mr. Hota’s expertise and guidance will help Cashfree Payments pursue innovative products and services that will help create a more accessible and empowering payments ecosystem for businesses and individuals.

Cashfree Payments, which received the PA license in December 2023, has onboarded thousands of large, medium and small-scale merchants, helping them seamlessly transact and grow. The company has been redefining the way businesses approach digital payments, verification and payouts through its wide range of tech-first offerings.

Over the last few months, it has introduced products like FlowWise, KYC Link, Risk Shield and more. Outside of India, Cashfree Payments is expanding its presence in the UAE region through its acquired partner, Telr.

Previous Article

June 04, 2024

Nuvei partners with Visa to offer Visa Direct in Colombia

Read More
Next Article

June 04, 2024

ORO Bank taps Finastra to offer SaaS core banking solution

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Abhay Hota

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

BNP Paribas and BPCE join forces to create a payment processor

Read More

Today

Aurionpro Payments bags RBI’s final nod for Online Payment Aggregator License

Read More

June 14, 2024

Doha Bank & Mastercard partner to boost digital payments in Qatar

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023