Digital payments giant PayU has strengthened its leadership team by appointing three new directors, including Subhash Mundra, former Deputy Governor of the Reserve Bank of India (RBI). The move is aimed at accelerating investments in digital financial services and reinforcing corporate governance standards.
Key Appointments
- Subhash Mundra – Former RBI Deputy Governor, joins as Non-Executive Independent Director.
- Manoj Kumar Agarwal – Co-founder of security solutions firm DevRay, appointed as Non-Executive Independent Director.
- Ashutosh Sharma – Head of Investments & M&A at Prosus Ventures, joins as Non-Executive Non-Independent Director.
Strategic Impact & Growth Plans
With these appointments, PayU’s board strength increases to 11 members, including five independent directors. The company aims to build a full-stack digital financial services platform, leveraging advanced fintech solutions for merchants, banks, and customers.
Regulatory Milestone
PayU recently secured final approval from the RBI to operate as an online payment aggregator, following an in-principle approval granted last year. The company has since accelerated merchant onboarding, reinforcing its market leadership in India’s digital payments ecosystem.
Future Outlook
CEO Anirban Mukherjee emphasized that the new directors’ strategic guidance will be instrumental in PayU’s evolution into a comprehensive provider of digital payments, financial, and technological services.
