Razorpay appoints ex-MasterCard exec Arif Khan as chief innovation officer

Online payments platform Razorpay has appointed MasterCard's Arif Khan as its chief innovation officer. In his new role, Arif Khan will be responsible for managing the innovation process within the organisation and for identifying new business opportunities. He will also work closely with various banking and financial institutions to develop new technical capabilities.

"Fintech in India has shown how disruptive innovation can spearhead the market towards efficiency and growth. We will work with Arif to towards creating valuable and differentiated products in the payments space," said Harshil Mathur, co-founder, Razorpay.

Before joining Razorpay, Khan was a senior business leader at MasterCard, where he helped expand the company’s payment gateway platform, Simplify, in the Asia-Pacific region. Prior to MasterCard, he was senior vice president at HDFC, where he led and implemented strategic projects in the payments and digital space.

Khan is Razorpay’s second major appointment in last one month. Earlier this month, Razorpay had appointed former Ola executive Amit Saini as VP of Engineering. He now oversees the technology growth at the company.

Razorpay was founded in 2013 by Shashank Kumar and Harshil Mathur. It provides an easy to integrate payment gateway solution that blends seamlessly with a website, avoiding visitors from ever leaving the website throughout the process. The company has so far raised over $11.6 million from marquee investors like Tiger Global, Matrix Partners and Y Combinator.