Global fintech company PayU has announced the appointment of Pramod Rao as its Director of Risk Management, reinforcing its commitment to financial security and regulatory compliance. This strategic move comes as PayU prepares for its initial public offering (IPO) in the second half of 2025.
A Veteran in Financial Security and Risk Management
Rao brings over 27 years of experience in the banking, financial services, and telecommunications industries, having held key leadership roles at Axis Bank, Vodafone Idea, Citibank, IDBI Bank, ICICI Bank, and HSBC. His expertise in fraud risk management, security oversight, and compliance makes him a valuable addition to PayU’s leadership team.
In his new role, Rao will focus on:
- Strengthening PayU’s risk management framework
- Ensuring regulatory compliance across global markets
- Enhancing fraud prevention and financial security measures
- Developing a robust operational risk strategy
Academic and Professional Credentials
Rao holds a postgraduate diploma in business management from the University of Mumbai, along with specializations in cyber law and legal accounting. He has further honed his leadership skills through executive management programs at the Indian Institute of Management Ahmedabad and the Kellogg School of Management.
Leadership Perspectives on the Appointment
Anirban Mukherjee, CEO of PayU, emphasized the significance of Rao’s expertise:
“His extensive knowledge in financial security, regulatory compliance, and fraud prevention will be instrumental in refining our risk framework and ensuring safe transactions for our clients. With Pramod leading our risk function, we are confident in our ability to foster sustainable and secure growth in the evolving payments landscape.”
Rao expressed enthusiasm for his new role, stating that he looks forward to collaborating with the PayU team to strengthen security, enhance compliance, and contribute to the company’s long-term growth.
Strategic Growth as PayU Prepares for IPO
As PayU gears up for its IPO in 2025, Rao’s appointment is seen as a critical step toward solidifying the company’s leadership in risk and compliance. Currently, PayU serves over 500,000 merchants globally and processes $60 billion in annual transactions across its three primary areas:
- Payments
- Credit
- Financial services
Expanding Leadership Team
Rao’s appointment follows a series of high-profile leadership hires at PayU, including:
- Pranav Pandya as Compliance Director
- Dimle Mehta as Company Secretary
- Rahul Bharadwaj as Operations Manager
- Ashok Patil as Credit Manager
These strategic hires reinforce PayU’s focus on regulatory excellence, operational security, and business expansion as it moves toward its next growth phase in the fintech sector.