PayU Payments, a digital payments services provider, has announced the expansion of its Board of Directors with three new appointments.
Subhash Mundra, a banking industry veteran, and Manoj Kumar Agarwal, Co-Founder and President of DevRey, will join as Non-Executive Independent Directors, while Ashutosh Sharma, Head of Investments and M&A for India at Prosus Ventures, will be joining as a Non-Executive Non-Independent Director.
With the addition of the three new members, PayU Payments’ Board now has a strength of eleven members, five of them being Independent Directors.
PayU Payments has also recently received the final authorization from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator under the Payment and Settlement Systems Act, 2007.
“I welcome Subhash Mundra, Manoj Kumar Agarwal, and Ashutosh Sharma to the PayU Payments Board. Their appointment comes at the most opportune time as PayU stands at the intersection of setting new benchmarks for technological innovation. As the Company continues to build full-stack financial services platform, their insights will be crucial in developing proprietary technologies while maintaining the highest standards of security and compliance,” said Renu Sud Karnad, Chairperson of the PayU Payments Board of Directors.
“The addition of new directors to PayU Payments board reinforces the company’s unwavering commitment to upholding the highest standards of corporate governance, customer experience, and ethical practices. Their strategic guidance will be instrumental in strengthening PayU’s evolution into a comprehensive provider of digital payments, financial and technological services,” said Anirban Mukherjee, CEO of PayU.
