New Delhi | August 21, 2025 – The Payments Council of India (PCI) has unanimously re-elected Vishwas Patel, Joint Managing Director of Infibeam Avenues Limited (CCAvenue), as Chairperson for the 2025–27 term.
Alongside Patel, the PCI Executive Council also announced the appointment of M. N. Srinivasu, Co-founder & Director of BillDesk, and Nalin Bansal, Chief of Corporate Fintech Relationships & Key Initiatives at NPCI, as Co-Chairpersons.
PCI’s Role in India’s Digital Push
PCI serves as the apex industry body for the country’s digital payments ecosystem, representing banks, card networks, UPI players, wallets, gateways, and fintechs. The council plays a crucial role in policy dialogue, advancing payment standards, and ensuring alignment with India’s ambition to become a digital-first economy.
Industry at a Turning Point
On his re-election, Patel emphasized the need for strong collaboration between industry and regulators.
“The digital payments industry in India is at a critical juncture with rapid adoption, regulatory evolution, and the push towards global leadership. PCI remains committed to fostering innovation, ensuring consumer trust, and working closely with regulators to build a sustainable payments ecosystem,” he said.
Why It Matters
India’s payments sector continues to expand rapidly with UPI setting global benchmarks and new fintech models entering the market. PCI’s leadership for the 2025–27 term is expected to shape regulatory clarity, innovation, and global positioning of India’s payments industry.
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