Banking

A P Hota retires, NPCI appoints Dilip Asbe as its interim CEO

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Abhaya Prasad Hota

Abhaya Prasad Hota
Retd. Managing Director and CEO,
NPCI

National Payments Corporation of India (NPCI) has announced the retirement of AP Hota from the position of its Managing Director and CEO.

Hota was the first person to be appointed as the Managing Director and CEO of NPCI, since August 23, 2010.

Post Hota’s retirement, NPCI has now appointed Dilip Asbe, the chief operating officer as the CEO-in-charge till a new incumbent assumes charge.

Dilip Asbe, had joined NPCI in 2010 as its chief technology officer and was promoted to the position of the chief operating officer in 2013. Asbe is credited for its unmatched contribution to the digital payments initiatives like Unified Payments Interface (UPI), Bharat Interface for Money (BHIM) and Immediate Payment Service (IMPS).

In his earlier stint, he had played a pivotal role in establishing the payment infrastructure for the Asia Pacific region for Euronet Worldwide.

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