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Ippopay ropes in ex-RBI regional director SMN Swamy as its senior advisor

ISN Team
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Ippopay Technologies Private Limited has recently announced the appointment of SMN Swamy as its new senior advisor.

Prior to his new role, Swamy was the Regional Director of the Reserve Bank of India (RBI) in both Chennai and Thiruvananthapuram.

His career at RBI began in 1990 when he joined as a Direct Recruit Officer in Grade ‘B’. During his tenure at the RBI, he also held significant positions in cities like Bengaluru, Hyderabad, Ahmedabad, and Mumbai, accumulating over a decade of leadership experience.

What expertise does Swamy bring?


Swamy's extensive background includes key contributions to currency management, the supervision of Non-Banking Financial Companies (NBFCs), and banking supervision at RBI's Central Office in Mumbai.

His international engagements in major cities such as Paris, London, Basel, Singapore, and Washington highlight his dedication to implementing global best practices in central banking. With a post-graduate degree in Commerce from Sri Venkateswara University, Tirupati, Swamy is well-equipped to offer valuable insights to Ippopay.

How will Swamy influence Ippopay?

According to Mohan Karupaaiah, founder and CEO of Ippopay, Swamy’s insights will be crucial for strengthening the fintech firm’s product portfolio, risk, and compliance frameworks, as well as for deepening partnerships across the ecosystem. His arrival is seen as a strategic enhancement to the leadership team, expected to refine company strategies, improve processes, and drive sustainable growth.

What does Ippopay do?

Established in 2020, Ippopay is a fintech startup that specializes in facilitating digital payments for small merchants.

The startup focuses on driving UPI-based transactions, particularly in tier III and IV cities and rural areas. It has launched its services in Tamil Nadu and is making initial forays into Andhra Pradesh and Telangana.