The National Payments Corporation of India (NPCI) recently announced the appointment of Ajay Kumar Choudhary as its new non-executive chairman and independent director, effective February 8, 2024. Mr Choudhary, a distinguished central banker with a career spanning over three decades at the Reserve Bank of India (RBI), brings a wealth of experience and expertise to this crucial role.
Prior to joining NPCI, Mr. Choudhary served as an Executive Director at the RBI, overseeing key areas like banking regulation, supervision, and fintech. He has played a pivotal role in shaping India’s financial landscape, spearheading various initiatives, including the development of the Payment System Vision 2025 and the launch of the Unified Payments Interface (UPI).
NPCI, established in 2008, operates and manages retail payments and settlement systems in India, encompassing iconic platforms like RuPay cards, IMPS, and UPI. Mr. Choudhary’s appointment is poised to contribute significantly to NPCI’s continued growth and innovation.
The appointment has been met with positive reactions from industry leaders. They commend Mr. Choudhary’s extensive experience and believe his leadership will be instrumental in driving NPCI’s vision of creating a robust and inclusive digital payments ecosystem for India.
Under Mr. Choudhary’s leadership, NPCI is expected to focus on:
Haryana, nestled in the heart of northern India, is a land of cultural richness and…
In India, agriculture serves as the backbone of the economy, employing millions and contributing significantly…
State and Capitals of India India is a vast country in South Asia, the 7th…
In the grand tapestry of American history, certain states stand out for their unique contributions…
In a momentous occasion, the eminent author Ruskin Bond has been bestowed with the Sahitya…
Corn, also known as maize, is one of the world's most vital cereal crops, serving…