MobiKwik strengthens leadership team for its Payments business

ONE MOBIKWIK SYSTEMS LIMITED (MobiKwik), a fintech company, is strengthening its leadership team to drive growth of its payment business. Mohit Narain has been elevated to the role of Chief Operating Officer - Consumer Payments. Additionally, Harvinder Singh Chadha has joined Zaak ePayment Services Private Limited (Zaakpay), wholly owned subsidiary of MobiKwik, as Vice President to lead the payment gateway business.

Mohit has been associated with MobiKwik for over five years and was serving as Operational Excellence Coach. He has been instrumental in driving overall organisational growth by putting processes in place as well as resource and cost optimisation. In his new role, he will be responsible for ensuring operational efficiencies at scale across the Payments business primarily focusing on UPI, MobiKwik Wallet, Offline QR and devices (Soundbox and POS). Prior to MobiKwik, Mohit worked with ACL Mobile Limited among others.

Harvinder joins the company from Cashfree Payments, where he was heading the enterprise business. With over 20 years of experience in the banking and fintech sectors, Harvinder has worked with Standard Chartered Bank, YES Bank and HSBC, scaling up their payments businesses while placing equal emphasis on compliance and governance. At Zaakpay, he will lead business growth for the company’s payment gateway business. He will be responsible for online merchant acquisition - both small and medium businesses (SMBs) and enterprise business, banking partnerships, and building teams to ensure scalable and repeatable growth.

Commenting on these developments, Bipin Preet Singh, Co-founder & CEO, MobiKwik, said, “The digital payments landscape in India has gone through a remarkable surge in adoption. Recognising the evolving needs of India’s businesses and consumers, we have made these strategic appointments to further strengthen our foothold in the payments space. I would like to congratulate Mohit and Harvinder as they bring in their seasoned expertise to their respective roles. We remain committed to driving innovation, fostering customer-centric solutions, and delivering unparalleled value to our users and partners.”

In October 2023, Zaakpay received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator/payment gateway (PA/PG). This in-principle authorisation will enable Zaakpay to onboard new merchants onto its platform for quick and easy processing of online payments.