Sohini Rajola Appointmented as Executive Director at NPCI

The National Payments Corporation of India (NPCI) has appointed Sohini Rajola as its Executive Director. This decision is part of NPCI’s leadership enhancement strategy to drive the adoption of its payment solutions. Rajola’s vast experience in the payments and digital banking sectors will play a key role in the further development and adoption of NPCI’s solutions. The appointment comes at a time when UPI (Unified Payments Interface) is achieving record growth in both value and volume.

Key Highlights

New Appointment

• Sohini Rajola as Executive Director

Responsibilities

• Lead the adoption and enhancement of NPCI’s payment solutions.
• Oversee business development and go-to-market strategies.
• Manage strategic alliances with banking institutions, fintech companies, government authorities, and regulatory bodies.

Previous Experience

• Rajola was the Asia-Pacific regional head at Western Union.
• She served as the digital banking head and cards head at Axis Bank.

NPCI’s Growth

• Rajola’s appointment comes as UPI reaches new milestones.
• UPI transactions for March 2025 set records in both value (Rs 24.77 trillion) and volume (19.78 billion transactions).
• In FY25, UPI’s total transaction value increased by 30%, reaching Rs 260.56 trillion, while volume surged 42%, hitting 131.14 billion transactions.

Significance

• The appointment is strategic, aimed at scaling NPCI’s products and strengthening its market presence in the digital payments space.
• Rajola’s leadership will be instrumental in innovative technical solutions to meet both current and future market demands.