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Fintech player Infibeam Avenues Limited announced appointment of Kumar Srinivasan as CEO of the company's Credit Card issuance business.
Kumar Srinivasan is a founder of Cardpay technologies and has over 23 years of experience with some of the top global companies including Nordstorm, Hike and Matchmove. His previous assignment was with Amazon Payments as Vice President.
Notably, Infibeam has recently acquired 100 per cent stake in Cardpay Technologies Ltd, which offers one unified spend management platform to corporate under the brand name FRIT with physiical and virtual credit cards, invoice processing and early payment discounting.
Subsequently, Cardpay will become a wholly-owned subsidiary of Infibeam.
Infibeam Avenues shares ended lower at ₹53 on the BSE down 0.5 per cent from previous close.
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