The National Payments Corporation of India (NPCI) has appointed Sohini Rajola as Executive Director – Growth, strengthening its leadership team to accelerate the adoption of digital payment solutions across India. With over two decades of experience in payments and banking, Rajola is set to play a pivotal role in driving innovation and expanding NPCI’s payment ecosystem.
In her new role, Rajola will lead product enhancement initiatives aligned with NPCI’s strategic goals and market needs. She will oversee business development, spearhead marketing strategies, and manage go-to-market plans for the organisation. Additionally, her responsibilities include forming strategic alliances and partnerships with banks, fintech companies, government bodies, and regulatory institutions
Rajola has also served in prominent leadership positions like Asia Pacific Regional Head at Western Union and Cards Head and Digital Banking Head at Axis Bank. Her experience with digital finance and innovative strategies adequately prepares her to tackle changing market needs. On her appointment, Dilip Asbe, MD & CEO of NPCI, stated “Sohini brings with her a wealth of experience in the payments and digital banking space. Her experience will be extremely valuable in spearheading innovative initiatives and driving the latest technical solutions to meet both existing and emerging market needs. We believe that she will be instrumental in furthering our vision of delivering secure, seamless digital payment solutions to everyone.”
The announcement comes at a time when NPCI’s flagship product, Unified Payments Interface (UPI), continues to achieve record-breaking milestones. In March 2025 alone, UPI processed ₹24.77 trillion in value across 19.78 billion transactions. This shows a 13% increase in value and a 14% rise in volume compared to February. This marks the first time UPI transaction value has crossed ₹24 trillion and volume surpassed 19 billion since its inception in April 2016.
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Rajola’s appointment reflects NPCI’s commitment to fostering financial inclusion and innovation while enhancing the digital payments landscape in India. With her leadership, NPCI aims to further strengthen its position as a pioneer in secure and seamless payment solutions.
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