Cashfree Payments appointed former NPCI MD and CEO Abhaya Hota as an Independent Director of the company. He has spent almost 30 years at the Reserve Bank of India (RBI). He was also instrumental in the implementation of MICR technology in the launch of UPI and RuPay credit cards.
Cashfree Payments had received approval from the RBI to operate as a PA and resumed the process of onboarding new merchants, following a nearly year-long regulatory ban.
Since receiving the PA licence in December 2023, the company has onboarded thousands of large, medium and small-scale merchants. It has been at the forefront of redefining the way businesses approach digital payments, verification and payouts through its wide range of tech-first offerings.
Outside India, Cashfree Payments is expanding its presence in the UAE region through Telr, its acquired partner.
