Tuesday, July 23, 2024

Cashfree Payments Appoints Abhaya Hota as Independent Director

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Cashfree Payments, a leading fintech firm in India, has announced the appointment of Abhaya Hota as an Independent Director. With nearly three decades of experience in the Indian banking and payments industry, Hota brings valuable expertise to the board.

Abhaya Hota’s Contributions

Abhaya Hota has made significant contributions to the Indian banking and payments sectors throughout his illustrious career. Notably, as the former Managing Director and CEO of the National Payments Corporation of India (NPCI), he played a pivotal role in the launch of innovative payment systems such as the Unified Payments Interface (UPI) and the RuPay card scheme. His expertise in implementing MICR technology for cheque clearing has revolutionized payment processes in the country.

Strategic Move by Cashfree Payments

The appointment of Abhaya Hota to the board of Cashfree Payments is a strategic move aimed at leveraging his extensive experience and insights in banking and finance. Akash Sinha, Co-founder and CEO of Cashfree Payments, emphasized the significant value that Hota’s expertise will bring, particularly in governance and strategic policy development.

Cashfree Payments Brand Logo

Expansion Plans and Recent Appointments

Cashfree Payments, known for its digital payments innovation, has been expanding its presence both domestically and internationally. The company recently received a PA license and has onboarded numerous merchants. Moreover, Cashfree Payments is making strategic hires to strengthen its leadership team, with recent appointments including Harsh Gupta as Chief Revenue Officer (CRO), Arun Tikoo as Chief Business Officer (CBO), and Ramkumar Venkatesan as Chief Technology Officer (CTO).

Enthusiasm from Abhaya Hota

Abhaya Hota expressed his enthusiasm about joining Cashfree Payments, stating his commitment to supporting the company as it continues to grow and scale India’s digital payments ecosystem. His wealth of experience and industry knowledge are expected to contribute significantly to Cashfree Payments’ strategic direction and governance.

The appointment of Abhaya Hota signifies Cashfree Payments’ commitment to driving innovation and excellence in the digital payments landscape, positioning itself as a leader in the industry.

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