eNews
MobiKwik appoints Navdeep Singh Suri as chairperson of the board
NEW DELHI: One MobiKwik Systems has appointed Navdeep Singh Suri as chairperson of its board, elevating the independent director who has been associated with the company since 2021.
Suri succeeds executive director, CFO and co-founder Upasana Taku, who steps aside from the chair while continuing in her executive role. The company said the appointment strengthens board oversight and governance as MobiKwik scales its financial services platform.
A former senior Indian diplomat, Suri brings decades of experience spanning public policy, diplomacy and institutional leadership. He joined the Indian Foreign Service in 1983 and has held key international assignments in Cairo, Damascus, Washington DC, Dar es Salaam, London and Johannesburg.
He has served as India’s ambassador to Egypt and the United Arab Emirates, high commissioner to Australia, and consul general in Johannesburg. In recognition of his diplomatic contributions, Suri was awarded the Order of Zayed II, the UAE’s second-highest civilian honour.
Suri has also led the West Africa and public diplomacy divisions at the ministry of external affairs. He is currently a visiting fellow at the Observer Research Foundation, New Delhi, and sits on the boards of several institutions, including SBI Funds International (IFSC) Ltd, Hindustan Ports Pvt Ltd and Hindustan Infralog Pvt Ltd.
Welcoming the appointment, MobiKwik MD, CEO and co-founder Bipin Preet Singh, said Suri’s long association with the company and experience as an independent director would support the board’s role in effective oversight and governance.
The appointment marks a leadership transition at board level as MobiKwik continues to deepen its presence across digital payments and financial services.
eNews
PNB partners Kiwi to launch credit-enabled UPI for users
Targets 180 million customers; RuPay card offers 0.5 per cent to 1.5 per cent cashback
MUMBAI: Swipe, tap, or scan credit is quietly slipping into the rhythm of everyday payments, and Punjab National Bank wants in on the action. The state-run lender has partnered with Kiwi to roll out credit-enabled UPI payments for its 180 million customers, marking a significant push to blend traditional banking with India’s fast-evolving digital payments ecosystem.
At the centre of the collaboration is the launch of the PNB Kiwi Credit Card on the RuPay network. The card is designed with a digital-first approach, offering fully online onboarding and seamless integration with UPI, allowing users to transact via scan-and-pay while accessing credit.
The offering also brings in a rewards layer, with cashback ranging from 0.5 per cent to 1.5 per cent on online transactions, positioning the product as both a convenience play and a spending incentive.
The move comes as UPI continues to dominate India’s digital payments landscape, increasingly blurring the lines between debit-led transactions and credit access. For PNB, which operates over 10,000 branches around 60 per cent in semi-urban and rural areas, the partnership signals a targeted effort to extend formal credit to segments that have traditionally remained underserved.
The collaboration also reflects a broader industry shift, where banks and fintech platforms are converging to embed credit directly into payment flows, reducing friction while expanding access.
With RuPay credit cards gaining traction and UPI evolving beyond peer-to-peer transfers, the PNB–Kiwi tie-up positions both players at the intersection of scale, accessibility, and the next phase of digital finance in India.
