The National Payments Corporation of India (NPCI) said it has appointed Ajay Kumar Choudhary as an independent director and non-executive chairman of its board for three years.

• Choudhary, who is a central banker, has a career spanning over three decades at the Reserve Bank of India (RBI). He concluded his service as RBI's executive director in October 2023.
• He succeeds Biswamohan Mahapatra, who previously served as the non-executive chairman of NPCI.
• Incorporated in 2008, NPCI operates retail payments and settlements systems in the country, including RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Aadhaar-Enabled Payment System (AePS), and Bharat BillPay, among other facilities.