Gurugram:  Fintech firm PayU has announced the appointment of Pramod Rao as its new Chief Risk Officer as the company gears up for its initial public offering (IPO) in the second half of 2025. Rao, a seasoned professional with more than 27 years of experience in banking, financial services, and telecom, will be responsible for leading risk management strategies, ensuring regulatory compliance, and strengthening the company’s financial and operational risk framework.
Rao has held leadership positions at top-tier organizations, including Axis Bank, Vodafone Idea, Citibank, IDBI Bank, ICICI Bank, and HSBC. Prior to joining PayU, he served as the Senior Vice President and Head at Axis Bank and spent over a decade as Senior Vice President at Vodafone Idea Limited. His expertise spans fraud risk management, investigations, compliance, and security.
With a postgraduate diploma in business management from the University of Mumbai, Rao has also specialized in cyber law and forensic accounting. Additionally, he has completed executive leadership programs at the Indian Institute of Management Ahmedabad and the Kellogg School of Management.
PayU, while announcing the appointment on LinkedIn, stated that Rao’s leadership will be instrumental in enhancing the company’s compliance framework and ensuring the safety of millions of users and businesses relying on its digital payment platform. His appointment aligns with PayU’s commitment to building a secure and trusted digital payments ecosystem.
About PayU
PayU, a leading digital payments service provider, enables businesses to accept and process online transactions. It is widely used across sectors such as e-commerce, travel, and retail. With Rao at the helm of risk management, the company aims to reinforce its position as a reliable and innovative fintech player in the global market.
