Dilip Asbe appointed CEO and MD of NPCI

Asbe has been chief technology officer at NPCI, and replaces A P Hota who retired in August last year.

Apurva Venkat Jan 10th 2018 A-A+

National Payments Corporation of India (NPCI), the umbrella organization of all retail payments in India, has appointed Dilip Asbe as its new chief operating officer. Asbe has been serving as the chief technology officer of NPCI for the past three years. As CEO & MD he replaces A P Hota whose tenure ended in August last year.


As the CTO of NPCI, Asbe played a pivotal role in the design, building, operationalization and management of large scale payment processing platforms such as Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), Immediate Payment Service (IMPS) and card network RuPay.


He was involved in setting up payments infrastructure like National Electronic Toll Collection (NETC), RuPay international debit and credit card, Direct Benefit Transfer (DBT) platforms using Aadhaar Payments Bridge (APB). Asbe worked with UIDAI for designing Aadhaar Enabled Payment System (AEPS) and defining MicroATM standards for interoperable financial inclusion.


He also lead the setting up and management of the National Automated Clearing House (NACH) with functionalities such as E-Mandate, Cheque Truncation System (CTS), National Financial Switch (NFS) as well as Cashnet, the first ATM shared network and real-time mobile top up systems in India for Euronet.


Asbe is an alumnus of London School of Economics and Political Science, and has a total experience of more than 20 years. Prior to joining NPCI, he was the CTO for Prizm Payment services.


What is NPCI?


NPCI is an initiative by Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007. It is a non-profit organization started for creating a robust payment and settlement infrastructure in India.


Its promoter banks include State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank, and HSBC Holdings. Last year, the organization had expanded shareholding to 56 member banks.


The role of the CEO is crucial in India’s current push towards digital payments. The organization is working along with the government of India to push the country towards a less cash economy. The Bharat interface for money (BHIM) app is run by NPCI. NPCI is also responsible for the RuPay card.