Mumbai, Maharashtra, India – June 2026 — Phi Commerce has announced the appointment of Vishal Maru as Senior Vice President – Product Strategy and Growth.
In his new role, Maru will lead product transformation initiatives, drive growth strategies, and develop strategic partnerships across banks, fintech organizations, and government institutions. He will also support Phi Commerce’s expansion efforts across Asia and international markets while strengthening the company’s payment infrastructure and go-to-market capabilities.
Maru brings more than two decades of leadership experience across payments, financial technology, merchant acquiring, card issuance, payment processing, digital payments, and financial infrastructure.
Prior to joining Phi Commerce, he served as Global Head – Processing Business at FSS, where he held global P&L responsibility and led initiatives spanning issuance processing, acquiring processing, digital transformation, ATM managed services, marketing, IT operations, business performance management, information security, and regulatory compliance.
During his tenure at FSS, he was responsible for driving growth across multiple payment-processing businesses while overseeing global operations and technology infrastructure.
Before FSS, Maru spent nearly fifteen years with Worldline, holding several leadership positions including Executive Vice President – Financial Institutions, Merchant Services, Senior Vice President – Merchant Services, Digital Payments and Loyalty, Vice President – Sales, and General Manager – Issuance and Acceptance, South Asia.
At Worldline, he led growth initiatives across merchant acquiring, digital payments, card issuance, prepaid solutions, embedded payments, online payments, and payment acceptance infrastructure. He also managed strategic relationships with banks, payment networks, regulators, and ecosystem partners.
Earlier in his career, he held leadership positions with Global Payments, where he managed merchant services and sales operations across multiple regions in India. He also worked with ICICI Bank, leading merchant services and cards businesses, supporting merchant acquisition, distribution expansion, and payment acceptance growth.
Maru began his professional journey with Shell as Sales Executive – LPG and later worked with Unilever as Territory Sales Incharge, building foundational experience in sales, channel management, distribution development, and market expansion.
In addition to his executive responsibilities, he currently serves as a Non-Executive Board Member at Plada Infotech Services Ltd.
Throughout his career, Maru has developed expertise across payment processing, merchant acquiring, digital payments, card issuance, product strategy, business growth, P&L management, strategic partnerships, sales leadership, technology modernization, and financial services infrastructure.
About Phi Commerce
Phi Commerce is a leading enterprise payment gateway and omnichannel payment solutions provider, delivering secure and real-time transaction capabilities across digital and physical commerce channels.
Its platform supports multiple payment modes including cards, UPI, net banking, Aadhaar-based payments, wallets, NEFT, RTGS, and eNACH, enabling seamless payment experiences across online, in-store, and assisted commerce environments.
The company focuses on digitizing payment ecosystems across industries while supporting businesses with scalable payment infrastructure, transaction processing capabilities, and integrated commerce solutions. Phi Commerce is also expanding its presence beyond India into Southeast Asia and other international markets.
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