Mr. A.P. Hota is MD & CEO of National Payments Corporation of India since February 2009. A significant part of his career in Reserve Bank of India from 1982 to 2009 has been in the area of design and implementation of Payment systems in India. He has played a key role in implementation of MICR technology in Cheque Clearing, Electronic Funds Transfer, Automated Clearing House, Cheque Truncation System and RTGS system in India. Under his leadership, NPCI has launched India’s own card scheme ‘RuPay’ in record three years’ time which is now accepted on all three channels, viz. ATM, PoS and eCommerce with an issuance figure of 200 Million plus RuPay cards. National Payments Council of India is tightening mechanisms to make UPI platform more secure and safeguard customers against dubious transactions.
He is a member in various Committees of the Government of India and Reserve Bank of India (RBI) and has contributed to policy and decision-making processes in Payment Systems and Financial Inclusion in particular.