Feb 09: Niyo, India’s pioneering travel fintech platform that has transformed cross-border payments and travel banking, today announced the reappointment of Sai Sankar as Chief Business Officer (CBO) for its Forex business, as the company enters the next phase of scaling its cross-border and outbound travel offerings.
Sai rejoins Niyo after a two-year entrepreneurial stint, having earlier spent nearly eight years with the company as a founding team member. In his previous tenure, he played a key role in building Niyo’s zero-forex markup travel card proposition and was elevated to CBO for the Niyo Travel Card business in 2023.
His return comes at a time when Niyo is deepening its focus on forex distribution and partner-led growth, following its recent announcement outlining ambitions to capture 10–15% of India’s cross-border market, supported by a 50-branch phygital expansion across key outbound travel and forex corridors. Over the past year, Niyo Forex has expanded its physical presence across major travel hubs, including Mumbai, Pune, Hyderabad, Bengaluru, and Gurugram.
As part of this next phase of execution, Niyo’s forex business plans to add over 100 roles in FY27, strengthening distribution, partner-facing teams, and on-ground execution capabilities aligned with high-traffic travel corridors and growing outbound demand.
Commenting on the appointment, Vinay Bagri, Founder & CEO, Niyo, said, “Sai has been instrumental in shaping Niyo’s forex and travel journey from the early days. As we scale our distribution footprint and partner ecosystem, his deep understanding of the category and execution focus will be critical in building the next phase of growth.”
In his role as CBO – Niyo Forex, Sai will be responsible for driving distribution strategy, expanding partner-led channels, and strengthening Niyo’s presence across key outbound travel and forex corridors, while working closely with teams across product, operations and partnerships. The Niyo Forex business division is led by Chief Executive Officer Amit Talwar.
Speaking on his return, Sai Sankar, Chief Business Officer, Niyo Forex, said, “Niyo’s forex business is at an inflection point, with strong product-market fit and a clear roadmap for scale. I’m excited to return and work with the team to deepen distribution, strengthen partnerships, and build a more accessible forex experience for Indian travellers.”
Niyo’s forex and cross-border offerings cater to leisure travellers, students, and professionals, combining digital-first products with a growing physical and partner-led presence to support customers across their global journeys.