The National Payments Corporation of India (NPCI) has appointed chief operating officer (COO) Dilip Asbe as acting CEO of the payments organization, reports the Economic Times. AP Hota who had served the organization as managing director and CEO retired on August 10. MediaNama has reached out to NPCI for a comment on the appointment and will update once we hear from them.

The publication added that the board of the NPCI has ratified the changes till a replacement managing director can be found.

Asbe is one one of the first employees of the NPCI and joined them in 2010 as chief technology officer. He was instrumental in developing the Unified Payments Interface, BHIM, RuPay card network and the IMPS payment network. He was also responsible for developing the Aadhaar Payments Bridge (APB) for the direct transfer of subsidies using Aadhaar. He was also involved in the creation of the Aadhaar-Enabled Payments System (AEPS), a financial inclusion product which will allow users to withdraw money from micro-ATMs using Aadhaar authentication.

Outside of the NPCI, Asbe was also responsible for setting up of the infrastructure for Euronet worldwide for Asia Pacific region and for Prizm Payments Services in India.

He holds a master’s degree in Global Management from London School of Economics and Political Science and has a bachelor’s degree from Fr. Conceicao Rodrigues College in Mumbai.