Mr. A.P. Hota was Managing Director & CEO of National Payments Corporation of India from February 2009 till August 2017. 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 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 390 Million plus RuPay cards. Last year, the Unified Payments Interface (UPI) was launched by Dr. Raghuram Rajan, Governor of Reserve Bank of India. Very recently, a common App, BHIM Aadhaar was launched by Hon’ble Prime Minister which rides on the UPI and USSD platform.
He is Honorary Fellow of Indian Institute of Banking and Finance. 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, Financial Inclusion through Digital Payments. Very recently, he was recognized in a leading financial newspaper as one of the Five PM’s Men in Digital payments. He has played a key role in widening the use of digital payments in India.