CAB Payments confirms that Neeraj Kapur has received the required regulatory approval and will now take over the role of Executive Director and member of the Board from Bhairav Trivedi. Neeraj and Bhairav have been working closely together since February to ensure a smooth and orderly handover. As previously communicated, Bhairav will continue as Senior Adviser to the Board, building and strengthening important relationships with central banks, regulators, and current and prospective strategic clients.

Bhairav remains a shareholder of CAB Payments.