Nitin Chavan is the new CEO OF Aquapay Payments

Enterprise Payments Major & Platform as a service (PaaS) company Aquapay Payments Technologies (P) Ltd, has appointed Nitin Chavan as its new Chief Executive Officer (CEO).

Chapman joins Aquapay with two decades of overall experience spanning across logistics, aviation, insurance and banking majors. He has about 15 years of enterprise payments experience and a strong track record of growth acceleration and business transformation.

He joins Aquapay from leading private lender Axis Bank, where he was the Vice President & Business Head – Commercial Cards and was responsible to make Axis Bank, one of the largest & fastest growing issuers in Commercial Cards business in India.

Prior to Axis Bank, Chavan held strategic positions at American Express & ICICI Bank. At American Express, he played a very strategic and vital role to introduce large Indian corporate clientele to Amex franchise that earned him global awards cum recognition for three consecutive years. At ICICI Bank, he looked after their Fleet Card, Corporate Card and Prepaid Card programs. His initial career assignments were with Elbee Services, Amadeus India & Bajaj Allianz General Insurance in the area of Sales and Marketing.

Nitin is Bachelor of Technology Graduate from Institute of Chemical Technology (ICT) and MBA in Marketing from Mumbai University.

Aquapay has clearly established as one of the unique and fastest-growing FINTECH player in the Enterprise payments space with an innovative and extensive product suite for large, medium & small corporates across various industries. Their existing enterprise product suite in the area of Supplier Payments, Utility Bill Payments, GST Payments, Direct Tax Payments, Virtual Cards etc. help companies to improve their process efficiency, drive savings and attain technological edge with enhanced controls & user experience.

Aquapay’s dominance in Enterprise payment space and fastest growth is also evident from their business milestones in a very short span of time. It has over 300 marquee corporates and processed more than Rs. 30,000 crores of payments to over 20,000 suppliers in less than 3 years

Related IBS Intelligence Research

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