Foundation of a Digital Economy | A.P. Hota | TEDxHyderabad

Hailed as an astute leader in the space of digital payments in the country, A P Hota has rolled out many revolutionary initiatives under the government, the Unified Payment Interface (UPI), BHIM Aadhar App and Rupay Cards to name a few. The MD and CEO of the National Payments Corporation of India has played a key role in strengthening of the financial transaction landscape in India. Mr. A.P. Hota was Managing Director & CEO of National Payments Corporation of India from February 2009 till August 2017. He has played a key role in implementation of MICR technology in Cheque Clearing, Electronic Funds Transfer, Automated Clearing House, Cheque Truncation System and RTGS system in India. Under his leadership, NPCI launched India’s own card scheme ‘RuPay’ in record three years’ time which is now accepted on all three channels, viz. ATM, PoS and eCommerce with an issuance figure of 390 Million plus RuPay cards. Last year, the Unified Payments Interface (UPI) was launched by Dr. Raghuram Rajan, Governor of Reserve Bank of India. Very recently, a common App, BHIM Aadhaar was launched by Hon’ble Prime Minister which rides on the UPI and USSD platform. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx