Indian fintech unicorn Razorpay has established an advisory board of industry leaders from various fields to set the highest standards in customer experience, corporate governance, and risk and compliance in the Indian fintech industry. The board will periodically convene to review, analyze and provide recommendations and directions on both strategic and tactical levels.
The leaders on the board include N.S. Vishwanathan, former Deputy Governor of the Reserve Bank of India as the Chairperson, Arijit Basu, Chairman of HDB Financial Services and former MD of State Bank of India as a member, Aruna Sundararajan, former Secretary of Ministries of Steel, IT, and Telecom as a member, and K.P. Krishnan, former Secretary of Ministry of Skill Development and Entrepreneurship as a member.
Razorpay’s payment infrastructure development will be aided by the advisory board and will also help engage with key institutions and stakeholders. Harshil Mathur, the CEO, and Co-founder at Razorpay, said that the company had had the privilege of serving and solving for over 10 million businesses in the last eight years. As India’s leading end-to-end money movement platform for businesses, Razorpay aims to put in place further systems to uphold the highest standards of customer experience and governance. Mathur believes that with the advisory board’s strategic inputs, knowledge, and guidance, Razorpay will build best practices in the fintech industry that will aid sound decision-making.
The advisory board will assist Razorpay fintech start-up in developing long-term strategies, anticipating challenges and suggesting mitigation measures. Vishwanathan said that he looks forward to working with his colleagues on the advisory board and providing the required guidance and expertise in helping Razorpay adopt best-in-class governance and compliance practices in its business operations.
In conclusion, Razorpay’s establishment of an advisory board of industry leaders from different fields is a significant move towards setting the highest standards in customer experience, corporate governance, and risk and compliance in the Indian fintech industry. With the board’s strategic inputs, knowledge, and guidance, Razorpay will be able to build best practices in the fintech industry and make sound decisions.