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NPCI's first employee Dilip Asbe is now its MD & CEO

The NPCI was set up by the Reserve Bank in 2009 as the central infrastructure for various retail payment systems and is owned by banks

Press Trust of India  |  Mumbai 

NPCI MD advises fintech firms to explore new solutions

In a surprise move, the (NPCI) on Monday elevated as the new

Before the elevation Asbe was the of the RBI-promoted national payment gateway, and was also the after the retirement of its AP Hota last August.

According to media reports, Uttam Nayak, a with Visa now based in Dubai, who had previously worked as its head as well, was the frontrunner to occupy the corner office at NPCI.

Asbe joined the NPCI in 2010 as the and was the first employee hired by the body which has virtually shaped the digital payments journey in the country.

He played a pivotal role in designing, building, operationalisation and management of like the unified payments interface (UPI), Bharat interface for (BHIM), immediate payment service (IMPS) and the country's RuPay.

Asbe was also involved in setting up like National Electronic Toll Collection (NETC), RuPay international debit and credit card, direct benefit transfer (DBT) platforms using Aadhaar payments bridge (APB).

The NPCI was set up by the Reserve Bank in 2009 as the central infrastructure for various retail and is owned by banks.

First Published: Mon, January 08 2018. 20:46 IST
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