Leading the new appointees is Renu Sud Karnad, the former Managing Director of Housing Development Finance Corporation (HDFC), who will serve as the Chairperson of the board, the report added.
PayU has partnered with NPCI to roll out the Credit Lines on UPI feature on its platform, aiming to provide financial security and growth for merchants. The integration will enable pre-sanctioned credit lines by banks through UPI, empowering businesses and consumers. PayU expects over 380 million UPI users to have easier access to Credit Lines.
Former chief risk officer Mendiratta replaces Prashanth Ranganathan who quit six months ago. The rejig runs parallel to leadership changes taking place across the board at PayU