Dilip Asbe Joins Global Supervisory Board of Society for Worldwide Interbank Financial Telecommunication (Swift)

Key facts

• Dilip Asbe, the Managing Director and CEO of National Payments Corporation of India (NPCI), has been inducted into the global supervisory board of the Society for Worldwide Interbank Financial Telecommunication (Swift).
• The appointment received shareholder approval and is subject to regulatory approval expected in October.
• Swift is transitioning to a two-tier governance model comprising a supervisory board and a management board, with the supervisory board consisting of 12 members, expandable to 15.
• Swift is overseen by the European Central Bank and G-10 central banks, including those of the US, UK, France, Germany, and Japan, with the National Bank of Belgium serving as the lead overseer.
• Dilip Asbe has led the design and management of NPCI platforms including IMPS, AePS, RuPay, FASTag, and Unified Payments Interface (UPI).
• NPCI has established four subsidiaries: NPCI International Payments (NIPL), NPCI Bharat BillPay, NPCI BHIM Services, and NPCI Tech Solutions.