11th August 2010- 10th August 2017
Shri. A.P. Hota was Managing Director & CEO of National Payments Corporation of India since August 2010. A significant part of his career in Reserve Bank of India from 1982 to 2009 has been in the area of design and implementation of Payment systems in India. 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 has 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 200 Million plus RuPay cards.
He is Honorary Fellow of Indian Institute of Banking and Finance. He has been 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 and Financial Inclusion in particular, and a regular speaker at Payment systems and Financial Inclusion conferences in India and abroad.