EPS announces the appointment of Mr. R. Gandhi as an Independent Director to the Board
by Shrutee K/DNS
Mumbai, 12th June 2018: Electronic Payment Services (P) Ltd announced its appointment of Rama Subramaniam Gandhi as
Independent Director to its Board of Directors. The election has taken place in
the company’s Annual General Meeting dated 1st June 2018 .in
terms of the provisions of the Companies Act, 2013.
Shri
R Gandhi is Financial Sector Policy expert and consultant. His areas of
expertise include Banking & Non-banking Regulation, Payment &
Settlement Systems, Financial Markets regulation and operations, Fin Tech and
Currency Management. He was a Deputy Governor at the Reserve Bank of India
(RBI) for three years from 2014 to 2017. He is a seasoned and accomplished
central banker for thirty-seven years. He has wider exposure in financial
sector having been a Board Member, Securities and Exchange Board of India (SEBI)
and as a Board Member of public sector banks and development financial
institutions.
Speaking
on the occasion, Mr. Mani Mamallan, Founder & Managing
Director, EPS said, "Mr. Gandhi is a senior &
experienced professional, highly respected in the banking sector for his
business and operational acumen. With continuous
refreshment of the Board, we look forward to his guidance
towards helping augment EPS in its next phase of growth thereby translating the
mind-share to a growing market share.”
EPS regularly engages with all its board members on
topics of corporate governance and strategy implementations including its
Board’s composition. “The robust director selection process at EPS continues to
equip the Board with the right blend of capabilities, perspectives, and
experiences. This is the appropriate Board composition to support the execution
of the company’s vision to deliver long-term growth and sustainable value
creation for shareholders,” he added.
As
EPS advances its strategic initiatives for accelerated growth for sustainable
shareholder value creation, Mr. R Gandhi would bring unique depth of experience
and expertise that will directly be relevant to EPS. On this, Mr. Gandhi
commented, "EPS has a strong presence in ATM space and has plans to expand
its presence in e-payment space. Both the spaces are in fact complementary. I
have long been a keen observer of developments and had a hand in designing
policies in these areas. I hope to see EPS grow strength to strength in this
nationally important segment".
About EPS: Electronic Payment and Services (P) Ltd. is a leading Retail Banking
Technology Service Provider founded in 2011, by veterans with over 150 years of
combined experience in the banking, technology and retail payments industry in
India. EPS was launched to address the demand for efficient, secure and
technology driven products and services for the banking industry, to primarily
address end-to-end Automated Teller Machine (ATM) Operations &
Outsourcing Services, as well as provide a holistic range of ATM Managed
Services and Digital Payment Solutions thus enabling banks to concentrate
on core banking functions. In addition to ATM
services, EPS also provides a best-in-class PCI-DSS certified Transaction
Switching Solution, which can drive all industry standard front-end payment
devices. In the fast-moving
digital payment domain, EPS intends to be an end-to-end Technology Solutions
Provider for banks.
EPS
built a firm reputation on delivering results, reliability and dependability,
having successfully deployed over 6000 ATMs for 26 banks in urban and rural
locations across India, in support of the Ministry of Finance (Govt. of
India) led mission to drive 'Financial Inclusion'. With added numbers in the portfolio, EPS will now be
handling more than 10000 ATMs in India and continue to deliver trust,
reliability and relentless service to its eco-system. Along
with a wide array of footprints in India, EPS has expanded to the APAC region
in 2017 forming a wholly owned subsidiary of Electronic Payments and Services
(India) known as Electronic Payment
Australia PTY Ltd. EPAPL provides a comprehensive suite of payment
solutions and services that cater to ATM, PoS, E-commerce, payment cards and
all other digital mediums of transactions.
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