Cashfree Payments names Former RBI Executive and NPCI MD & CEO Abhaya Hota as the Independent Director

Abhaya Hota

Cashfree Payments, India’s premier payments and API banking provider has appointed Abhaya Hota, former NPCI MD and CEO, as an independent director.

Abhaya Hota is a veteran of the Indian banking and payments business, having worked with the Reserve Bank of India for nearly 30 years. He previously served as the Managing Director and CEO of the National Payments Corporation of India, where he was responsible for designing, developing, and implementing payment systems and regulations in India. He was also involved in the adoption of MICR technology in cheque clearing, the launch of UPI, and the introduction of RuPay credit cards, India’s own card scheme.

He is also an Independent Director at Federal Bank, NSE Clearing, Protean e-Gov Technologies, and the RBI Innovation Hub. 

Also read: NPCI names Pravin Kumar as CMISO and Benjamin Ambrose as CISO

Welcoming Abhaya Hota to the board, Akash Sinha, Co-founder & CEO, Cashfree Payments said, “His wealth of experience at the highest levels of banking and finance in the country will be of great value to us, especially from a governance and strategic policies point of view. Mr. Hota will be a great asset to the Board and management at Cashfree Payments.”

Abhaya Hota said, “I am happy to join the Cashfree Payments India Pvt Ltd’s  Board as an Independent Director and look forward to supporting them as they grow and scale India’s digital payments ecosystem.”

Hota’s experience in banking, finance, and payments will benefit Cashfree Payments in its goal of developing innovative products and services that will contribute to a more accessible and empowered payments ecosystem for both businesses and consumers.

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