Abhaya Prasad Hota, till very recently the Managing Director & CEO of National Payments Corporation of India (NPCI), had a long tenure of 35 years – 27 years in Reserve Bank of India (RBI) and 8 years at NPCI in the area of design, development and implementation of electronic payment systems. He combines the experience of a central banker and a service provider in payments systems.
While at RBI, Mr. Hota had played a key role in introduction of MICR Clearing, ECS and NEFT. On joining NPCI as the founding MD & CEO in 2009, he was instrumental in the launch of Immediate Payment System (IMPS) – a very revolutionary product in 2010, RuPay Card – india's domestic card network in 2012, Aadhar Payments Bridge ( APB) in 2013, the game changing Unified Payments Interface (UPI) in 2016 and a few clearing house products in bill payments, toll and transit.
Shri Hota has received the Aadhar Excellence Award, Skoch Business Leadership Award, Karmabeera Gowrishankar Samman, M R Pai Memorial Award and FFIFS Life Time Achievement Award for contribution to digital payment revolution in the country. He had also been honoured with Best CEO Award in public sector Category by Forbes Leadership Award for 2017.
Shri Hota currently provides consulting services to Swift India Ltd and World Bank. He also serves as an independent member of the Board of Federal Bank, Motilal Oswal Asset Management Company, IDBI Intech, Electronic Payments Services Pvt Ltd and Transaction Analysts.