Vishwas Patel Reappointed as PCI Chairperson, Steering Digital Payments Forward

The Payments Council of India (PCI) has reaffirmed Vishwas Patel as its chairperson, with M N Srinivasu and Nalin Bansal joining as co-chairpersons. This leadership team is set to guide PCI's mission of advancing digital payments and financial inclusion for a less-cash economy from 2025 to 2027.

The Payments Council of India (PCI) announced on Thursday the reappointment of Vishwas Patel, Joint Managing Director at Infibeam Avenues Ltd, as its chairperson. The decision, reached unanimously by the council's executive members, signals continuity in leadership as the organization steers towards enhancing the nation's digital payments ecosystem.

Alongside Patel, the Council has appointed M N Srinivasu, a director at BillDesk, as co-chairperson, while Nalin Bansal from the National Payments Corporation of India (NPCI) will also serve as co-chairperson. The new leadership team will serve from 2025 to 2027, aiming to further the Council's mission to move India towards a less-cash society.

The PCI maintains a collaborative approach with industry players and regulatory bodies, including the Reserve Bank of India and the Finance Ministry, to foster a safe and innovative payments environment. This endeavor underscores the Council's commitment to deepening financial inclusion and advancing the national vision of a less-cash economy.

(With inputs from agencies.)