Fintech giant PayU has announced the appointment of Pramod Rao as its new Chief Risk Officer (CRO), following a series of senior leadership hires within the company.
Rao, who brings over 27 years of experience in banking, financial services, and telecom, will be tasked with shaping and overseeing PayU’s risk management strategies. He will also be responsible for ensuring regulatory compliance and fortifying the company’s financial and operational risk framework.
Rao’s career spans across prominent organizations including Axis Bank, Vodafone Idea, Citibank, IDBI Bank, ICICI Bank, and HSBC, where he specialized in risk management, compliance, business continuity, and security.
Commenting on the appointment, Anirban Mukherjee, CEO of PayU, said, “We are delighted to welcome Pramod Rao to PayU at a pivotal time, as digital transactions continue to scale rapidly, making risk management more important than ever. His extensive experience in financial security, regulatory compliance, and fraud prevention will be key to enhancing our risk framework and ensuring seamless, secure transactions for our customers.”
The appointment of Rao is part of PayU’s strategic expansion over the past several months, which has also seen other key hires, including Pranav Pandya as Chief Compliance Officer, Dimple Mehta as Company Secretary, Rahul Bharadwaj as Head of Operations, and Ashok Patil as Chief Risk Officer for its credit business.
“I look forward to working with the talented team at PayU to enhance security measures, drive compliance excellence, and support the company’s growth in the dynamic payments ecosystem,” said Pramod Rao.
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Earlier, PayU received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator, further solidifying its position in the digital payments space.
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