Mumbai: Niyo, a travel fintech platform focused on cross-border payments and travel banking, has announced the reappointment of Sai Sankar as Chief Business Officer (CBO) for its Forex business. The move comes as Niyo enters the next phase of scaling its cross-border and outbound travel offerings, with a sharper focus on on-ground execution and partner-led growth.
Sai rejoins Niyo after a two-year entrepreneurial stint, having previously spent nearly eight years with the company as a founding team member. During his earlier tenure, he played a pivotal 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 coincides with Niyo’s renewed push to strengthen its forex distribution network, following the company’s recent announcement outlining ambitions to capture 10–15% of India’s cross-border market. This growth strategy is supported by a planned 50-branch phygital expansion across key outbound travel and forex corridors. Over the past year, Niyo Forex has expanded its physical footprint 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, aimed at strengthening distribution, partner-facing teams, and on-ground capabilities aligned with rising outbound travel 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. He will work 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 an expanding physical and partner-led presence to support customers across their global journeys.
