Rishi Gupta CEO & MD FINO PayTech TeCake

The Payments technology solutions provider, FINO PayTech Limited reported that the company has appointed Rishi Gupta as the new Managing Director and CEO, on Monday. Gupta had been overseeing the business operations of the company.

At the event, Rishi Gupta said, “These are interesting as well as challenging times for FINO as we embark on an ambitious foray into retail business. As an organization, our endeavor would be to grow in the financial inclusion and payments space with continuous focus on innovation, customer centric approach and value creation for all stakeholders.”

Rishi has been with FINO for over eight years as a top management professional with over two decades of experience and was earlier its CFO. With a wealth of experience, he helped FINO and served his clients better in a changing and competitive environment.

Certified chartered accountant and cost & works accountant, Rishi Gupta, 46, is credited with providing strong leadership to the company during the last four quarters, a transition period. In his new key role, it is expected from him to guide FINO PayTech with a new growth phase. He will be assisted in this endeavor by a team of proven professionals in the banking domain.

Moreover, FINO reported that he was instrumental in implementing key initiatives that enabled the country’s largest business correspondent, to attain the kind of success in the highly sensitive financial inclusion space.

FINO PayTech is an institution driven organization with Union Bank of India, Corporation Bank, Indian Bank, LIC, ICICI Bank, ICICI Lombard, IFC, Intel Capital, Headland Capital Partners and the Blackstone Group being its investors.

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  • Rajesh

    Hearty Congratulation . Wish You BEST OF LUCK ….

  • Navneet

    India has opened its banking market
    recently inviting many for new banking licenses. The field for payment bank
    applicants seems to be full with some very large names applying for the same.
    There are the expected mobile operators like Airtel, Vodafone, Reliance who for
    sure were expected to apply. Then there are the PPI companies like Oxigen,
    Suvidhaa, etc. since this seems a natural progression for them. The surprise
    package are the BCs with failing business model like FINO Paytech, Vakarangee,
    EKO, etc. Most peculiar is FINO with no experience in payments space either as
    a company or as a unique technology offering or as a team. An accountant becomes CEO of a payments company aspiring to be a bank. Is there any value
    proposition for the customer or is this a game of valuation or back door entry
    into banking that many of these players are wanting to play. RBI sure has the
    wherewithal to differentiate amongst the viable ones and the opportunistic
    ones.

    Navneet