Digital payments giant PayU India has appointed Pramod Rao as its Chief Risk Officer (CRO) as the company gears up for a potential public listing in the second half of 2025.
With extensive experience in risk management and fraud prevention, Rao previously served as Head of Fraud Management at Axis Bank. His career spans leadership roles at Vodafone Idea, Citibank, IDBI Bank, ICICI Bank, and HSBC. At PayU, he will focus on risk management, regulatory compliance, and strengthening financial and operational risk frameworks.
PayU, a key player in India’s digital payments ecosystem, provides payment gateway solutions to online businesses. The company has over 500,000 merchants across three business segments: payments, credit, and PayTech, processing over $60 billion in annualized transaction volume (TPV).
In addition to Rao’s appointment, PayU has bolstered its leadership team with several senior hires:
- Pranav Pandya as Chief Compliance Officer
- Dimple Mehta as Company Secretary
- Rahul Bharadwaj as Head of Operations
- Ashok Patil as Chief Risk Officer for the credit business
These strategic hires come as PayU prepares for its IPO, strengthening its regulatory and risk management capabilities.
