FinTech leader Ram Rastogi joins NPST Board of Directors
Mr. Rastogi currently serves as the Chairman of the FinTech Association for Consumer Empowerment
Mumbai: NPST, a provider of digital banking and payments technology solutions, has announced the appointment of Mr. Ram Rastogi as an Additional Director in the Non-Executive Independent category of the Company.
This addition to the Board aligns with NPST's ongoing initiative to refresh its leadership, welcoming professionals with diverse backgrounds and extensive experience in the FinTech sector. Mr. Rastogi brings to the table knowledge garnered over thirty years in the banking and digital payments landscape, including domains such as payments, decision-making, risk management, analysis, and Reg-Tech.
Mr. Rastogi currently serves as the Chairman of the FinTech Association for Consumer Empowerment (FACE), a non-profit organization dedicated to advocating the interests of Consumer Lending FinTech companies to regulators, media, distribution platforms, and other stakeholders.
Before his current role, Mr. Rastogi held positions at the State Bank of India, overseeing Strategy, Business Development, ATMs, Debit Cards, and Emerging Payment Systems. During his tenure as the Head of Product Development at the National Payments Corporation of India (2011-2017), Mr. Rastogi played a crucial role in driving the development of digital and real-time payment systems, including Immediate Payments Service (IMPS), Unified Payments Interface (UPI), AEPS, Cross-Border Payments, Bharat Bill Payments System (BBPS), and other offline payment systems while ensuring compliance with regulatory standards.
Announcing the appointment, Deepak Chand Thakur, Co-Founder and CEO NPST, said; “We are thrilled to welcome Mr. Ram Rastogi to the NPST Board of Directors. NPST is executing a growth and expansion strategy in the digital payments space. Mr. Rastogi’s specialisms in digital payments and experience in navigating a vibrant regulatory and technology landscape makes him an asset to the Board. His insights will provide guidance in strengthening NPST’s product portfolio, risk and compliance frameworks, and partnerships with an aim to drive sustained, long-term industry and investor value.”
Speaking on his appointment, Mr. Rastogi said; “NPST has carved a name for itself in the emerging digital payments technology space. It’s a privilege to join the Board at such an exciting growth phase. I look forward to working with the team and advancing NPST’s vision to be a leader in digital banking and payments.”
About NPST:
Established in 2013, NPST is a Make in India company, listed on the NSE Small and Medium Exchange.
With a focus on UPI payments and digital banking solutions, NPST functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), catering to stakeholders across the financial value chain. Committed to innovation and excellence, NPST aims to bridge the gap between banks and FinTechs, fostering the growth of the digital payments’ ecosystem.
Presently, NPST facilitates money movement for over 100 customers, processing 60 million transactions daily, benefiting businesses, merchants, and consumers nationwide.
