Razorpay appoints Arif Khan as chief innovation officer

• ByStartupStory     |    August 31, 2022

Razorpay, India’s Preferred Payments and Banking Platform for Businesses, announced today the reappointment of Arif Khan as Chief Innovation Officer (CIO). Arif, a two-decade veteran of the banking and financial services industries, has expertise in working with numerous stakeholders as well as an in-depth understanding of the sector. Arif has held positions of leadership in reputable organisations such as NPCI, MasterCard, and HDFC Bank, among others.

Arif formerly worked as the Chief Digital Officer at NPCI, where he oversaw strategic planning for the organization’s digital transformation. He led several technological initiatives, leveraging data and analytics to drive innovation, understanding new market behaviours, and developing appropriate solutions.

Harshil Mathur, CEO and co-founder of Razorpay, stated, “We are absolutely happy to have Arif back in the Razorpay family. During his prior tenure with us, he was instrumental in creating numerous foundational pillars of our Banking capabilities and cultivating excellent relationships with a variety of external partners. We are certain that his expertise working with prominent financial institutions, particularly his ability to engage varied groups to achieve end-goals, would assist Razorpay in pursuing its mission of becoming India’s financial backbone for small enterprises. The ecosystem is at its most exciting right now, and with Arif on board, we look forward to developing meaningful and distinct products and experiences for digital enterprises and their customers.”

From 2017 until 2019, during his initial employment with Razorpay, he oversaw various crucial projects and helped the organisation create a comprehensive business architecture. In his second term as Razorpay’s CIO, Arif will manage the Banking, Risk Management, Regulatory Affairs, and Public Policy teams toward the greater corporate mission of fine-tuning Razorpay’s products in the digital payments arena. He will be crucial in driving Razorpay’s interactions with banks, networks, regulators, and strategic partners. He will be in charge of quickening the adoption of new banking and payment platforms.

Arif Khan, Chief Innovation Officer at Razorpay, said, “The financial sector has seen a significant transition over the past several years. The Indian digital payments market is expanding rapidly and is expected to triple in size to $10 trillion by 2026 with the help of legislation. With its cutting-edge solutions, Razorpay has been at the forefront of various advancements, and I think this tale of innovation and disruption will go on and get better. The fintech behemoth, which has an excellent workplace culture and has already proven its mettle in the payments and neo-banking industries, is one of the most reputable Indian fintech organisations. I’m pleased to be a part of the Razorpay narrative once more and I’m committed to helping Razorpay achieve its objective of tackling all business banking and payments-related issues.”

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