Leading online payment solutions provider, PayUtoday announced the appointment of Prakash Padariya as the company’s Chief Information Security Officer, joining the India leadership team. Prakash will lead and further strengthen PayU India security team while ensuring alignment with PayU’s Global Security strategic initiatives and standards.
He will be responsible for embedding best-in-class security within PayU’s product and technology services, overseeing all PayU locations in India.
Commenting on the appointment, Anirban Mukherjee, CEO, PayU India said, “As a leading online payment player in the country, securing our customers’ payment transaction data is a top priority for us and we constantly work to improve upon existing measures. We’re excited to have Prakash as a part of our team as we continue to develop a full fintech ecosystem that is highly safe and protected. Prakash’s deep experience in information security across multiple industries will prove to be a big asset to help us continue to offer secured payment solutions to our merchants, and allow them to best serve their customers.”
Prakash comes to PayU with more than 17 years of experience in core information, cyber-security, and technology. Prior to this, he was the CISO at GE India Technology Centre leading Cyber Security for 6000+ employees of 10 GE businesses. Prakash has also worked with leading Fortune 100 companies such as Royal Bank of Scotland, IBM, Target Corporation & Accenture. Prakash’s professional expertise spans across Banking & Financial Services, Telecommunications & IT Service Industries in India, USA, Europe, Australia, Canada, and EMEA.
On his appointment, Prakash stated, “The Indian fintech ecosystem is growing at a rapid pace and PayU is playing a key role in it. Ensuring safety has always been of utmost importance to PayU and we believe in security by design. I am excited to be a part of this dynamic company to enable the growth of business with optimum security and ensure a world-class infrastructure for PayU stakeholders and employees.”
PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology. In India, PayU serves more than 450,000 merchants with 70+ local payment methods. With cybersecurity becoming a top priority for businesses the world over this year, with Prakash’s appointment, the fintech firm is hoping to leverage his deep experience in information security. In July, Payu had also announced the appointment of Shantanu Preetam to the India leadership team as Chief Technology Officer.