Payment Council to Reach Out to Small Fin Banks for Digi Push
Mumbai: The Payments Council of India (PCI), the industry body for all payment companies, has opened up its membership to payments banks and Bharat Bill Payment operators (BBPOU) and plans to reach out to the small finance banks as well to make them part of the digital payments ecosystem of the country.
PCI, at a closed door meeting of its members on Friday, has also constituted new committees to look into various issues within the broader payments landscape. They have constituted a committee for payments and small banks, for payment networks and also for BBPOU. “The new committees will function in tandem with our previous committees on prepaid issuers, merchant acquirers and international remittances,” said Gaurav Chopra, executive director of PCI.
The industry body also decided on its new executive council with Naveen Surya, who was previously the managing director of ItzCash as chairman and Vishwas Patel from CCAvenue as co chair. “We have onboarded Renu Satti from Paytm, Rishi Gupta from Fino Payments Bank and Porush Singh from Mastercard among few others as our new members in the executive council,” said Chopra. This assumes significance in the wake of the new entities being licensed by the RBI having started operations.