Indian digital payment solutions major Razorpay has announced to reappoint Arif Khan as company chief innovation officer (CIO). Khan, a veteran in the banking and financial services industry, brings along expertise in working with various stakeholders and an in-depth understanding of the sector spanning over two decades.
In the past Khan has held leadership positions in NPCI, MasterCard, HDFC Bank, among others. The appointment also comes at a time when the company has entered the offline payments space with its recent acquisition of point-of-sale payments startup Ezetap.
According to Razorpay, prior to joining the company again, Khan served as the chief digital officer at NPCI where he led strategic planning pertaining to digital transformation for the organisation.
During his earlier stint at Razorpay between 2017 to 2019, Khan led several key initiatives and contributed to building a holistic business architecture for the company.
Further, he was also instrumental in building the foundation for the firm's banking services and established strong external stakeholder relationships. He has also served as the senior business leader at Mastercard where he was responsible for driving growth for the company's payment gateway platform and Mastercard's ‘Simplify Commerce'.
“During Arif's previous stint with us, he played a crucial role in establishing several foundational pillars of our banking capabilities and nurtured strong relations with various external stakeholders. We are confident that his experience of working with leading financial institutions and especially his ability to influence diverse groups to deliver end-objectives will help us in furthering our vision of building the financial backbone for small businesses in India,” Harshil Mathur, CEO and co-founder at Razorpay said.
In his second tenure as the CIO of the firm, Khan will lead the banking, risk management, regulatory affairs, and public policy teams toward the larger organisational vision of fine-tuning the company's offerings in the digital payments space.
“Khan will be playing a key role in leading engagement with banks, networks, regulators, and strategic partners to drive innovation at the company, and will be responsible for accelerating the adoption of new payment and banking platforms and products,” the company said.
Speaking on his re-appointment Khan said, “the financial landscape has seen a monumental change in the last couple of years. Supported by regulations, the Indian digital payments industry is growing tremendously and is set to triple to $10 trillion by 2026. Razorpay has spearheaded several innovations with its cutting-edge solutions and I believe this story of innovation and disruption is going to continue and grow stronger.”