News Update

Razorpay forms advisory board of eminent leaders to set highest standards in Indian fintech industry


Razorpay, a leading Indian fintech unicorn, has formed an advisory board comprising of eminent leaders from diverse backgrounds to establish the highest standards in customer experience, corporate governance, risk, and compliance in the Indian fintech industry. The board includes N.S. Vishwanathan, former deputy governor, Reserve Bank of India, as chairperson, and Arijit Basu, chairman, HDB Financial Services, and former MD, State Bank of India, as a member. The other members are Aruna Sundararajan, IAS (retd.) and former secretary, Ministries of Steel, IT and Telecom, GoI, and K.P. Krishnan, IAS (retd.) and former secretary, Ministry of Skill Development and Entrepreneurship.

The advisory board will contribute to the development of Razorpay’s payment infrastructure and engage with key institutions and stakeholders. The board will convene periodically to review, analyze, and provide recommendations and directions on both strategic and tactical levels. The board will assist Razorpay in developing long-term strategies, anticipating challenges, and suggesting mitigation measures.

Harshil Mathur, CEO, and co-founder at Razorpay said, “The last 8 years at Razorpay have been exceptionally great, we’ve had the privilege of serving and solving for over 10 million businesses. Now in our next phase of growth as India’s leading end-to-end money movement platform for businesses, we have a strong intent to put in place further systems to uphold the highest standards of customer experience and governance.”

Razorpay forms advisory board of eminent leaders to set highest standards in Indian fintech industry
S. Vishwanathan, former deputy governor, RBI, said, “I look forward to working with my colleagues on the Advisory Board and together providing to the Razorpay Leadership team the required guidance and expertise in helping the company adopt best-in-class governance and compliance practices in its business operations.”

The advisory board will help Razorpay to build best practices in the fintech industry that will aid sound decision-making. Razorpay’s mission is to simplify the payment experience for businesses and make it easier for them to manage their finances. The company has a customer base of over 10 million businesses, including some of the top brands in the country. The company has seen tremendous growth over the last few years and plans to continue its expansion in the Indian market. With the help of the advisory board, Razorpay is poised to set a new standard for customer experience, governance, and compliance in the Indian fintech industry.

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