Source: Entrackr
Mumbai, August 21, 2025 – The Payments Council of India (PCI), the united industry body representing the digital payments ecosystem in the country, has re-elected Vishwas Patel as Chairperson of PCI (2025-27). Patel is the Joint Managing Director of Infibeam Avenues Limited, which operates CCAvenue, one of the largest payment gateways in India, and was unanimously elected by the council members.
Together with Patel, the Executive Council of PCI appointed two senior officers as Co-Chairpersons for the same term — M. N. Srinivasu, Co-Founder and Director at BillDesk, and Nalin Bansal, Chief of Corporate Fintech Relationships and Key Initiatives at NPCI (National Payments Corporation of India).
Points of Focus for Patel
During his re-election acceptance speech,
Speaking on his re-election, Patel said, “The digital payments industry in India is at a critical juncture with rapid adoption, regulatory evolution, and the push towards global leadership. PCI remains committed to fostering innovation, ensuring consumer trust, and working closely with regulators to build a sustainable payments ecosystem.”
Strong push by global institutions for India’s leadership in digital finance
He promised PCI will keep presenting innovation, consumer trust, and continued collaboration with regulators like the Reserve Bank of India and the Ministry of Finance as essential for developing a sustainable and secure payments ecosystem that benefits users and service providers. Patel stressed that innovation and consumer trust should be centre stage for regulators at this moment.
Function of PCI in India’s Payment Growth
The Payments Council of India plays an important role as the umbrella association for companies involved in the digital payments industry, with members including banks, card networks, payment gateways, mobile wallets, UPI platforms, and fintech start-ups.
Over the years, PCI has established itself as an important voice of the industry. PCI works to:
Represent payment service providers in policy discussions.
Establish industry standards and best practices.
Promote financial inclusion through the advancement of digital payment adoption in urban and rural markets alike.
Support the government’s efforts to interject a less-cash, digital-first economy
PCI serves as a connection point between regulators and the industry through collaboration with various stakeholders. This allows us to enable well-balanced policies, which foster innovation while maintaining safety and consumer protection.
Looking Forward: With Patel in the role of Chairperson and experienced leaders like Srinivasu and Bansal as Co-Chairpersons, PCI is set to make strides in its leadership role in the industry. The new team will take PCI forward during a critical period in which digital payments are solidifying their positioning as a core part of India’s economy.
The re-election demonstrates the industry’s confidence in Patel’s leadership and is indicative of PCI’s continued dedication to supporting growth, innovation, and global recognition for India’s digital payments ecosystem.
