back Back

PayNearby announces new appointments to its Board of Directors

By Leandra Monteiro

April 12, 2021

  • India
  • PayNearby
Share

PayNearby, Indian branchless banking, NPCI, Abhaya Prasad Hota, RBI, Mohan TanksalePayNearby, an Indian branchless banking network has announced the appointment of Mr. Abhaya Prasad Hota, former MD & CEO, National Payments Corporation of India (NPCI) and former in-charge of DPSS in Reserve Bank of India and Mr. Mohan Tanksale, ex-CEO of Indian Banks’ Association and ex-CMD of Central Bank of India to the company’s Board of Directors.

The new appointments keep in line with PayNearby’s mission to create a strong governance at its core while accelerating to the next phase of growth. Mr. Hota and Mr. Tanksale will serve as Independent Directors to strengthen PayNearby’s vision to deepen financial inclusion and democratise digital payments in the country.

The new board appointments bring with them a depth of thought leadership in the field of digital payments, financial inclusion and banking and have played instrumental roles in the digital payments and digital banking industry in the country.

Speaking on the occasion, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby said, “It’s a momentous occasion for PayNearby to welcome Mr. A. P. Hota and Mr. Mohan Tanksale on our board. Their guidance in the form of independent directors will help us establish stronger governance as we move to the next phase of growth and scale. Their decades of work and commitment to the cause of financial inclusion and democratizing digital payments will lend valuable guidance in our journey. The ‘Digital India’ agenda of bringing high-end technology to the bottom of the pyramid has been exemplified and powered by these two stalwarts. We are certain that they will guide us on an orbit-shifting path towards bringing financial liberation for the country at a much accelerated pace than before. We are privileged to be able to call on the experience of Mr. Hota and Mr. Tanksale.”

Commenting on the appointment, Mr. A. P. Hota said, “I am delighted to be a part of the PayNearby family, which has been pioneering financial inclusion through their expansive retail network and stable technology architecture. I hope to help catalyse their growth and forward-looking vision in a strategic manner while working with like-minded people and focusing on driving last-mile connectivity for digital payments.”

Mr. Mohan Tanksale said, “It is an exciting time in PayNearby’s journey. The company is well positioned to move to the next stage of expansion, where it is able to financially empower the lives of every unserved Indian. I feel privileged to join the PayNearby team as an independent board director. PayNearby has dedicated itself to bringing affordable financial services to the bottom of the pyramid and I hope to do my best to guide them and take PayNearby to greater heights while fast-tracking inclusive growth.”

Previous Article

April 12, 2021

Unifiedpost Group and Crossinx team up to boost European expansion

Read More
Next Article

April 12, 2021

BitMart and MoonPay collaborate to advance Fiat-to-Crypto transaction

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

India

GCC banks bolster Cybersecurity measures to combat email fraud

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

April 19, 2024

Decentro elevates its DigiLocker Stack to secure KYC processes in India

Read More

April 19, 2024

Keytom launches Digital Asset-Focused Neobank

Read More

April 18, 2024

RCBC & Digital Wallet Corporation to develop digital banking in Philippines

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