NPCI chief Dilip Asbe appointed to Swift's global supervisory board
06 Jul 2026, 12:41 PMAsbe's appointment received shareholder approval at Swift's recent annual general meeting and is expected to receive regulatory clearance in October.
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National Payments Corporation of India (NPCI) Managing Director and CEO Dilip Asbe has been inducted into the global supervisory board of the Society for Worldwide Interbank Financial Telecommunication (Swift), The Economic Times reported, citing people familiar with the matter.
The report said the appointment received shareholder approval at Swift's recent annual general meeting and is expected to receive regulatory clearance in October.
Asbe's induction gives India a direct role in discussions around global payments policy and financial messaging standards, reflecting the growing international prominence of the country's digital payments ecosystem.
India's Unified Payments Interface (UPI) now processes more than 20 billion transactions every month and has emerged as one of the world's largest real-time payment systems.
The appointment comes as Swift transitions to a new two-tier governance structure comprising a supervisory board and a management board. The supervisory board will initially have 12 members, including eight shareholder-affiliated directors and four independent directors, with geographic representation built into its composition.
Swift, which facilitates the majority of the world's cross-border financial messaging, is overseen by the G-10 central banks and the European Central Bank, with the National Bank of Belgium serving as its lead overseer.
Asbe has led NPCI since 2018 after previously serving as its chief operating officer. During his tenure, NPCI has expanded India's digital payments infrastructure through platforms including UPI, IMPS, RuPay, FASTag and AePS. It has also established subsidiaries such as NPCI International Payments Ltd (NIPL), NPCI Bharat BillPay, NPCI BHIM Services and NPCI Tech Solutions to expand India's payments ecosystem domestically and overseas.
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