Razorpay, the online digital gateway platform, has appointed Arif Khan, the former MasterCard senior executive as the Chief Innovation Officer.
At MasterCard, as a senior business leader, he helped expand the company’s gateway platform, Simplify. Prior to MasterCard, he was the senior Vice-President at HDFC where he spearheaded projects for the financial institution in the digital payment space.
Razorpay, which is founded by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, offers an extremely simplified online payment service across devices to companies. Its online payment gateway helps companies accept online payments through debit/credit cards, net banking and mobile wallets. It boasts of having more than 8000 clients and has turned in a profit after tax of 28.7 lacs at the end of the year 2016, after suffering loss in 2015.
At Razorpay, Khan would be to work closely with various banking and financial institutions to develop new technical capabilities. He will also be helping the company innovate by strategizing and identifying new opportunities.
"Fintech in India has shown how disruptive innovation can spearhead the market towards efficiency and growth. We will work with Arif to towards creating valuable and differentiated products in the payments space," said Harshil Mathur, co-founder of Razorpay.
Razorpay is one of the first Indian company to be backed by Y Combinator, a Silicon Valley incubator. It is also backed by Tiger Global and Matrix Partners.