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Payments Council of India reappoints CCAvenue exec Vishwas Patel as chairperson

YourStory

YourStory · 2d ago

Payments Council of India reappoints CCAvenue exec Vishwas Patel as chairperson

The Payments Council of India (PCI) reappointed Vishwas Patel, Joint Managing Director of CCAvenue, as chairperson for the 2025–27 term. Other key appointments include MN Srinivasu of BillDesk and Nalin Bansal from NPCI as co-chairpersons. The PCI aims to focus on sustainable value creation within India's digital payments sector while collaborating closely with regulators. Leaders from companies like Razorpay, Mastercard, and PayPal have also been appointed to various important committee positions within PCI.

Related News

Don’t want to survive on govt incentives: Payments Council Chairman on Rs 1,500 Cr UPI scheme

YourStory

YourStory · 5m ago

Don’t want to survive on govt incentives: Payments Council Chairman on Rs 1,500 Cr UPI scheme

Payments Council of India Chairman Vishwas Patel criticized the Union Cabinet's decision to allocate Rs 1,500 crore for low-value BHIM-UPI transactions, labeling it inadequate compared to the projected Rs 246.82 lakh crore transactions for 2024. Patel expected over Rs 5,000 crores, amid growing pressures on payment companies. He suggested a 0.25% fee for large merchants and maintained the necessity for Zero MDR for small businesses. The incentive scheme runs from April 2024 to March 2025.

Chairperson R Nandini Takes Over CII Southern Region

Thehindubusinessline

Thehindubusinessline · 1y ago

Chairperson R Nandini Takes Over CII Southern Region

R Nandini, Managing Director of Chandra Textiles Pvt Ltd, has been appointed as the Chairperson of the Confederation of Indian Industry (CII) Southern Region for the year 2024-25. She previously served as the Deputy Chairperson of CII Southern Region and the Chairperson of CII Tamil Nadu State Council. Meanwhile, Thomas John Muthoot, Chairman & Managing Director of Muthoot Fincorp Ltd, has been appointed as the Deputy Chairman of CII Southern Region for the same term. Muthoot is also the Chairman of Muthoot Pappachan Group.

RS Sharma steps down as ONDC non-executive chairperson

Economic Times

Economic Times · 8m ago

RS Sharma steps down as ONDC non-executive chairperson

Ram Sewak Sharma, the non-executive chairperson of the Open Network for Digital Commerce (ONDC), has stepped down from his position due to personal reasons. Sharma, who was appointed on September 12, will continue to be a part of ONDC's advisory council. The board of ONDC is now searching for a new non-executive chairperson as the network expands and gains interest from various states. Prior to his role at ONDC, Sharma held positions at the Unique Identification Authority of India (UIDAI), National Health Authority, and Telecom Regulatory Authority of India.

NASSCOM onboards Sap Labs India MD Sindhu Gangadharan as Vice Chairperson

IndianStartupNews

IndianStartupNews · 1y ago

NASSCOM onboards Sap Labs India MD Sindhu Gangadharan as Vice Chairperson

The National Association of Software and Service Companies (NASSCOM) has appointed Sindhu Gangadharan, Senior Vice President and Managing Director of SAP Labs India, as its Vice Chairperson. She also holds the position of Chairperson of the Nasscom GCC Council 2023-25. Gangadharan, known for her human-centric approach to technology, will contribute her extensive technology and corporate leadership experience to India's TechAde initiative. She is the first woman to lead SAP Labs India, the largest global R&D center for SAP, overseeing product development and innovation across multiple Indian centers.

Infibeam Avenues launches CCAvenue SoundBox Max

Entrackr

Entrackr · 11m ago

Infibeam Avenues launches CCAvenue SoundBox Max

Fintech firm Infibeam Avenues has launched CCAvenue SoundBox Max, an all-in-one point of sale (POS) device tailored for merchants and retailers across India. According to CCAvenue, SoundBox Max is designed to reshape the payment landscape for retailers and merchants, offering them the flexibility to accept payments from multiple sources—UPI, debit cards, and credit cards. It is also designed to simplify and secure transactions, featuring support for static and dynamic QR payments, as well as contactless (NFC) and chip-based credit and debit card payments. Infibeam Avenues is set to enhance the CCAvenue SoundBox Max with additional value-added features, such as card EMI and brand EMI options, catering to diverse retail sectors including supermarkets, quick-service restaurants, salons, fashion boutiques, and more. The device is fully compliant with EMV L1, L2, PCI PTS, CE, FCC, and RoHS standards, ensuring robust security and performance. Infibeam Avenues claims to have processed transactions worth Rs 7 trillion (about $ 86 billion) in FY24 and currently has over 10 million clients across digital payments and enterprise software platforms. Leading fintech companies such as Paytm, BharatPe, Razorpay, Pibe Labs and PhonePe also launcher their soundbox for merchants and retailers.

Former Singularity exec-led investment firm rolls out maiden fund

VCCircle

VCCircle · 1y ago

Former Singularity exec-led investment firm rolls out maiden fund

Apurva Patel, former fund manager at Singularity AMC, has launched his first investment fund through his new firm, Synergy Capital Partners. The fund will focus on supporting companies in the consumer and enterprise sectors. Patel, who previously managed the Singularity Growth Opportunities Fund, brings his experience and expertise to this venture. Some of the companies in his previous portfolio include XYXX, mCaffeine, and luxury fashion e-tailer...

Nasscom appoints SAP Labs India MD Sindhu Gangadharan as chairperson

Economic Times

Economic Times · 12m ago

Nasscom appoints SAP Labs India MD Sindhu Gangadharan as chairperson

Sindhu Gangadharan, the Managing Director of SAP Labs India, has been appointed as the new Chairperson of Nasscom. She will succeed Rajesh Nambiar, who has been named President-designate of the IT industry body. Gangadharan, along with Nambiar and the Nasscom Executive Council, will work towards establishing India as a leading technology ecosystem, focusing on areas such as AI, digital talent, innovation, policy development, and R&D capabilities. Gangadharan, the first woman to lead SAP Labs India, expressed her excitement at shaping India's future in the tech industry.

India will have 10,000 deep tech startups by 2030

OutlookIndia

OutlookIndia · 1y ago

India will have 10,000 deep tech startups by 2030

Ramkumar Narayanan, the Chairperson of Nasscom's Deep Tech Start-Up Council, predicts that India will have 10,000 deep tech startups by 2030. He discusses the challenges faced by these startups, such as the longer gestation period and the need for funding. Nasscom aims to bridge this gap by supporting deep tech startups with market access and policy creation. Narayanan also talks about the potential of genAI (general artificial intelligence) and its impact on job displacement and productivity.

Fino payments bank ropes in former Xerox India exec Rajat Kumar Jain as chairman

Inc42 · 1y ago

Fino payments bank ropes in former Xerox India exec Rajat Kumar Jain as chairman

Mumbai-based Fino Payments Bank has appointed Rajat Kumar Jain, former managing director of Xerox India and Walt Disney India, as its part-time chairman. Jain, an alumnus of IIT Delhi and IIM Ahmedabad, brings over three decades of leadership experience across various sectors. Fino Payments Bank is currently focusing on its digital growth plans and targets for the next phase. Jain's appointment comes as the bank aims to evolve into its new digital avatar, Fino 2.0.

Advent-controlled Suven Pharma appoints former Piramal exec as chairman

VCCircle

VCCircle · 11m ago

Advent-controlled Suven Pharma appoints former Piramal exec as chairman

Suven Pharmaceuticals, controlled by private equity firm Advent International, has appointed Vivek Sharma as its new executive chairman. Sharma, former CEO of Piramal Pharma Solutions, takes over from Annaswamy Vaidheesh, who will become vice-chair of Suven's Advisory Council. The move comes as Advent plans to merge its pharmaceutical portfolio companies Cohance Lifesciences and Suven to create a diversified contract development and manufacturing organization and active pharmaceutical ingredients leader in India. Advent acquired a majority stake in Suven in December 2022. Suven reported a net profit of INR 300.3 crore ($39.8 million) for the fiscal year 2023-2024, down 27% from the preceding year.

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