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EPS Appoints Ram Rastogi As An Additional Director

Rastogi has over four decades of experience in building payment systems, including IMPS, UPI, and AePS

EPS Appoints Ram Rastogi As An Additional Director
Ram Rastogi, Additional Director, EPS

Outlook Start-Up Desk

POSTED ON March 07, 2023 2:23 PM

Mumbai-based Electronic Payment and Services Pvt. Ltd. (EPS), a provider of payment technology services in India, has appointed  Ram Rastogi as an additional director in its wholly-owned subsidiary, Finiverse Aggregator Pvt. Ltd. 

In a statement, the company claimed that Rastogi has over four decades of experience in building payment systems, including IMPS, UPI, and AePS. Prior to this, he previously worked with NPCI and the State Bank of India. 

Currently, the company claims to manage 12,000 ATMs in India for major banks in the country. It has handled more than 336 million transactions and dispensed more than 1,000 billion in cash. Additionally, the company has served more than 224 million customers on its ATMs every year. 

The statement reveals that EPS contributed to the Ministry of Finance's (MoF) "Financial Inclusion" mission by deploying 5,000 ATMs in urban and rural areas in India. 

Talking about the latest development,  Mani Mamallan, chairman and managing director of EPS, said,  "We are thrilled to welcome Ram Rastogi to our organization. His experience and knowledge will be invaluable in elevating our position in India's payments industry. With his addition, we are confident that we can pursue bigger goals and transform future growth opportunities.” 

Addressing his inclusion to EPS, Rastogi added, “With the advent of game-changing government initiatives such as OCEN (Open Credit Enablement Network), ONDC (Open Network for Digital Commerce), CBDC (Central Bank Digital Currency) and GSTN (Goods and Service Tax Network), EPS is in a prime position to capitalise on the immense potential of the Indian payments industry. I look forward to utilising my experience and knowledge to guide EPS toward its next phase of growth and success.” 

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