The Payments Association names Renuka Rawlins director of policy and government affairs

The Payments Association has appointed Renuka Rawlins as its new Director of Policy & Government Affairs. While this might look like a standard corporate hire, it is a significant move for trade advocacy in the consumer finance space. Rawlins will be responsible for representing the interests of payment providers and fintechs to government regulators and central banks. For retailers and operators, this means the industry is ramping up its efforts to influence coming legislation on payment processing and digital credit products. Rawlins brings a background in regulatory compliance and public policy. Her focus will likely involve navigating the increasing scrutiny on Buy Now, Pay Later (BNPL) services and the digital payment rails that modern merchants rely on. As governments worldwide look to tighten rules around consumer lending and interest rate disclosures, trade bodies like The Payments Association serve as the primary voice for the industry in these high-stakes negotiations. Merchants should watch for how this appointment influences the association's stance on merchant fees and consumer credit accessibility.

Source: Finextra — Lending

← Return to the library· Submit a correction