Mumbai-based Enterprise Payments Major & Platform as a service (PaaS) specialist Aquapay Payments Technologies has appointed Nitin Chavan as CEO.

He moves from Axis Bank Limited where he was Vice President & Business Head – Commercial Cards, India. There he was responsible to make Axis Bank one of the largest and fastest growing issuers in Commercial Cards business in India.

Prior to Axis Bank, Nitin held strategic positions at American Express & ICICI Bank. His initial career assignments were with Elbee Services, Amadeus India & Bajaj Allianz General Insurance in the area of Sales & Marketing.

A spokesperson for Aquapay said: “We are extremely delighted to welcome Nitin Chavan to Aquapay family. He brings to the company a demonstrated track record of strategic and operational leadership and thorough enterprise payment expertise. Nitin’s deep and diversified experience and familiarity with the whole eco-system of the payment industry gives us great confidence that he is the right leader to drive Aquapay’s growth strategy and deliver long term value for our stakeholders.”

Aquapay told NextMoney that it has established itself as a unique and fast growing fintech player in the enterprise payments space with an innovative and extensive product suite for large, medium and small corporates across various industries. Its enterprise product suite includes Supplier Payments, Utility Bill Payments, GST Payments, Direct Tax Payments and Virtual Cards.