Fintech company PayNearby has announced the appointment of Abhaya Prasad Hota and Mohan Tanksale to the company’s Board of Directors, according to ETHRWorld report.
The new appointments are in line with PayNearby’s vision to create strong governance at its core while accelerating to the next phase of growth.
Hota and Tanksale will serve as Independent Directors to further strengthen PayNearby’s vision to deepen financial inclusion and democratize digital payments in the country, according to a statement.
Hota is former MD and CEO of National Payments Corporation of India (NPCI) and former in-charge of DPSS in Reserve Bank of India. Tanksale is former CEO of the Indian Banks’ Association and former CMD of Central Bank of India.
Anand Kumar Bajaj, Founder, MD and CEO, PayNearby, said, “It’s a momentous occasion for PayNearby to welcome Mr A. P. Hota and Mr Mohan Tanksale on our board. Their guidance in the form of independent directors will help us establish stronger governance as we move to the next phase of growth and scale. Their decades of work and commitment to the cause of financial inclusion and democratizing digital payments will lend valuable guidance in our journey.”
“The ‘Digital India’ agenda of bringing high-end technology to the bottom of the pyramid has been exemplified and powered by these two stalwarts. We are certain that they will guide us on an orbit-shifting path towards bringing financial liberation for the country at a much-accelerated pace than before. We are privileged to be able to call on the experience of Mr Hota and Mr Tanksale,” he added.
Abhaya Prasad Hota, Independent Director, PayNearby, said, “I am delighted to be a part of the PayNearby family, which has been pioneering financial inclusion through their expansive retail network and stable technology architecture. I hope to help catalyse their growth and forward-looking vision in a strategic manner while working with like-minded people and focusing on driving last-mile connectivity for digital payments.”
Mohan Tanksale, Independent Director, PayNearby, said, “It is an exciting time in PayNearby’s journey. The company is well-positioned to move to the next stage of expansion, where it can financially empower the lives of every unserved Indian. I feel privileged to join the PayNearby team as an independent board director.”
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