Former RBI Regional Director Mr. S M N Swamy joins Ippopay
Chennai, May 14th, 2024 Ippopay Technologies Private Limited, a leading payment infrastructure provider, headquartered in Chennai, has announced the appointment of former Regional Director of RBI, Mr. S M N Swamy, as a Senior Advisor as it looks to boost its governance and its compliance. This addition to the company aligns with its objective of ensuring enhanced operations under the guidance of an industry veteran that can help the company refine its strategies, improve its processes, and drive sustainable growth.
Having served as the Regional Director of Reserve Bank of India in Chennai and Thiruvananthapuram, Mr. Swamy brings a wealth of experience to his new position. His professional journey has taken him through various RBI offices across Bangalore, Hyderabad, Ahmedabad, and Mumbai, providing him with a diverse range of experiences and insights into banking operations.
Announcing the appointment, Mohan Karupaaiah, the founder and CEO of Ippopay said “We are thrilled to welcome Mr. Swamy, as our advisor at Ippopay. We recognize the value of experience and expertise in the fintech industry. By onboarding an industry veteran such as Mr. Swamy, we aim to leverage his strategic insights and knowledge to enhance our operations. Ippopay is executing an aggressive growth and expansion strategy in the payments space. Mr. Swamy’s vast experience in the regulatory landscape makes him a valuable asset to the company. His insights will provide vital guidance in strengthening Ippopay’s product portfolio, risk and compliance frameworks and deepening partnerships across the ecosystem”.
This approach reflects a commitment to continuous improvement and a recognition of the importance of innovation, customer-centricity, and good governance in building a successful fintech company. With the guidance of such veterans and focus on best practices, Ippopay is positioning itself for informed decision-making and long-term success in the rapidly evolving fintech landscape.
Incorporated in 2020, Ippopay is involved in facilitating digital payments for small-scale merchants, with a particular focus on Tier III/IV cities and rural geographies which have so far, seen a more cautious adoption of UPI-based digital transactions. Ippopay takes a step-by-step approach in geographical expansion with co launch and subsequent deep penetration in the state of Tamil Nadu and initial forays into Andhra Pradesh and Telangana.
About IppoPay
IppoPay, currently, offers full-stack payments solutions to businesses operating in verticals with a large TAM (Total Addressable Market) such as MSME, Agri-Tech, and Education. The Company backed by marquee investors, such as; Coinbase Global Inc, Better Capital, and Blume Founders Fund; has been strengthening its leadership team to take the organization to the next level. IppoPay was founded by co-founders Mohan.K and Jaikumar, who saw a large white space in the payments industry with incumbents offering umbrella products for a diverse set of industries that have innate problems that can only be solved by going deep into each value chain.
