Hitachi Payment Services appoints Sumil Vikamsey as the new Managing Director

He will also be inducted into the company’s Board effective Apr 1.

Rustom Irani has decided to retire as Managing Director effective Mar 31 and will continue to be associated with Hitachi Payment Services as an advisor. Rustom has been an integral part of the organization since 2011 while holding various positions, including that of MD & CEO.

Sumil’s tenure at Hitachi Payments began in early 2010, and since then, he has been an important part of the company's growth journey and has led functions spanning Finance, Strategy & Development, Analytics, White Label ATM programme and allied business domains.

Sumil's wealth of experience and skills have played a crucial role in shaping Hitachi Payments' success story, cementing its position as a leading player in the payment industry.

Anuj Khosla will continue as the Chief Executive Officer – Digital Business of Hitachi Payment Services.

Loney Antony, Vice Chairman, Hitachi Payment Services, said, “Sumil has been instrumental in shaping Hitachi Payments' growth from its early stages and will now be responsible to lead the company into its next phase of growth. He has played a pivotal role in leading the Cash Business for the company, strengthening its position as the market leader and successfully spearheading various strategic initiatives. People-centric by nature with an extensive knowledge of the payments domain, Sumil’s strengths give the company an added leverage.”