Razorpay, the online payments platform, has appointed MasterCard’s Arif Khan as its Chief Innovation Officer to chart its next growth path. In this role, he will be responsible for managing the innovation process inside the organisation by building strategies and identifying new business opportunities. He will also be working closely with various banking and financial institutions for developing new technical capabilities and a robust payment architecture with the goal to provide cutting edge solutions to customers.

Helping businesses accept payments online, Razorpay is a core technology company focussed on building disruptive technologies and pioneering new solutions. The company had recently appointed Amit Saini from Ola, as their VP of Engineering.

Before joining Razorpay, Arif was a Senior Business Leader at MasterCard, where he helped in the global expansion of Simplify, a MasterCard payment gateway platform, primarily in the Asia-Pacific region. Arif has been in the payments industry for close to two decades. He has a proven track record in product management and business development. Prior to MasterCard, Arif was a Senior Vice President at HDFC, where he spent more than 17 years leading and implementing strategic projects in the Payments and Digital space.

Delighted at the appointment, Harshil Mathur, CEO & Co-founder at Razorpay said, “Fintech in India has shown how disruptive innovation can spearhead the market towards efficiency and growth. Arif, with his rich experience in the banking and financial sector, is a valuable addition to our leadership team especially at a time when we are in the fast lane of innovation and growth. Together we will work towards building a stronger brand through the creation of valuable and differentiated products in the payments space”.

Excited to join the Razorpay team, Arif Khan, Chief Innovation Officer at Razorpay said, “The disruption in the payment industry has undoubtedly changed the way financial services are provided and consumed today. Startups and emerging companies such as Razorpay are widely being seen as the driving force behind the Fintech boom, as they are able to innovate, create new business models and harness the efficiencies created by this latest wave of disruption. Having followed the scale & growth of Razorpay closely in recent times, I am excited to be at the centre of this action and will be focussing on leveraging advances in financial services and technology to create new products and solutions for Razorpay merchants”.

As one of India’s fastest growing payment platforms, Razorpay is disrupting conventional payment mechanisms across the country. Spearheading the adoption of UPI, Razorpay was the first payment gateway to make the payment option available for its entire merchant base. Razorpay is one of the first India-based company to be supported by Y Combinator, a Silicon Valley incubator, along with being invested in by top venture capital firms, Tiger Global, Matrix Partners & Mastercard.

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