Leading the second line compliance, risk, privacy, and security teams at PayU GPO is Covaliu's new role.

PayU GPO highlights how important it is to assign Covaliu to manage its several divisions, saying that because of the company's wide-ranging activities, "better collaboration among the members of the risk team will be necessary to guarantee a continuous seamless roadmap of product development and implementation."

Covaliu's "breadth of experience working closely with regulators, together with her deep understanding of the fintech landscape makes her an incredible, strategic addition to the PayU GPO leadership team," according to Daniel Cohen, CEO of the company, in remarks about the most recent hire.

Covaliu has a strong background to PayU GPO, having held positions at various top businesses in the sector. She was senior risk manager at Booking.com, chief risk and compliance officer at Uber Payments, and most recently, vice president of risk and compliance at Mambu.

With over 400 payment methods deployed and PCI-certified systems, PayU GPO processes over 10 million payments per day.

The paytech was purchased last year for $610 million by London-based fintech-as-a-service company Rapyd from Dutch consumer internet business Prosus. According to Prosus, PayU would be able to focus on "the large payments and fintech opportunity" in the Indian market as a result of the transaction.