Mr. AP. Hota joins EPS Board as Independent Director

Mumbai, January 23 2018 - Electronic Payment & Services Pvt. Ltd. (EPS), a leading payment system company with a business portfolio all over India, is pleased to announce the onboarding of Mr. Abhaya Prasad Hota as the Independent Director on the Board of Directors panel. This was a unanimous verdict proposed by all the shareholders of the company. He will now be overlooking various focus areas at EPS, which requires effective leadership in relation to the Company’s strategy, performance, and risk management as well as ensuring high standards of financial probity and corporate governance.

Earlier tothis, Mr. Hota had remained as the Managing Director & CEO at NationalPayment Council of India(NPCI); prior to his long service with Reserve Bank ofIndia(RBI) for an extensive tenure. 

To this, EPSFounder, Mr. Mani Mamallan remarked “We are glad to welcome Mr. Hota and deeplyvalue his knowledge and wisdom in the payments domain, and look forward towardshis valuable advises for the growth of EPS in the years to come. This is indeeda much-appreciated initiative to a more refined strategy building and addedinsights”. 

Mr. Hotaadded “It would be an opportunity to contribute to the growth of a start-upentrepreneurial payments company; though digital payment is growing; I’m of thefirm belief that ATM’s would contribute to be relevant for some more time inthe financial services industry.”

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