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Mswipe Technologies strengthens senior management with key appointments

By Leandra Monteiro

June 10, 2022

  • BNPL
  • Digital Lending
  • India
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Mcapital, MswipeMswipe Technologies has announced key senior executive appointments to bolster their business and digital partnership teams this week.

Rohit Agrawal, the Chief Executive Officer of MCapital has been appointed as the Chief Finance Officer for Mswipe Technologies in addition to his current role. MCapital is the lending arm and a fully owned subsidiary of Mswipe Technologies and provides unsecured loans to merchants. He will spearhead the expansion of their core payments business by building a merchant financing and small loans vertical through Mcapital. Rohit will focus on the creation of new credit products for small and medium enterprises and accelerate the existing business of providing small merchants with quick access to formal credit. A chartered accountant by profession, he brings to the table a experience of 16 years in corporate banking and specializes in e-commerce and new-age business.

Nayantara Bhargava is the head of the banking and digital partnership. In her current role, she will focus on strengthening relationships with banks and brands and provide them with payment solutions for merchants, enabling the expansion of the payment digital footprint across the country. She comes in with experience in driving alliances and has contributed to the revenue and growth of financial products in the industry.

Along with this, they have announced the appointment of Harita Desai Jani as the head of marketing. Harita brings over 17 years of experience in branding, marketing, and communications across a range of products and segments in the B2C and B2B space. She will be responsible for driving marketing campaigns to accelerate the pace of customer acquisition, engagement and growth. She will also look into developing a unique brand identity, driving marketing outreach programs and boosting creative output for the business.

Sachin B Shettigar has been appointed as the Chief Risk Officer for Mswipe Technologies Pvt. Ltd. He will be looking into the risk and compliance adherence at the time of merchant boarding and transaction monitoring. He along with that will also be looking into payments, settlement and dispute handling which will be critical for merchant satisfaction and also ensuring that there are zero liabilities for the company from financial as well as regulatory aspect including law enforcement matters. He has an experience of over 20 years in digital payments and banking.

Yogesh Verma is appointed as the Chief Business Officer at MCapital, the lending arm of Mswipe Technologies, a fully-owned subsidiary. His goal is to scale lending business by engaging with more like-minded merchant partners and go more granular while expanding the existing business. Prior to this, Yogesh was heading MQR, BNPL & distribution channel business for Mswipe Technologies. He brings in 17 years of expertise in digital banking, payment products, Issuance, Acquiring, Transaction Banking and e-commerce businesses.

Ketan Patel, CEO at Mswipe Technologies said, “Mswipe’s leadership announcement is a strategic step to build our company’s transformational journey. Our aim is to enable digitisation of merchants across India in this dynamic digital payment space and ensure we can support their fast-changing needs. The objective is to create a more agile team that is focused on strategic initiatives, customer obsession, innovation and growth. Also, with the introduction of Nayantara and Harita in the leadership team, we are moving towards the commitment of achieving gender equality in our workforce. This will add to diverse mindsets coming together to achieve the ultimate goal.”

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