Build for The People
Every feature we build starts with your needs, from individuals to global merchants.
Redefining the Future
of Payments
Founded with a vision to revolutionise the way businesses and consumers handle payments, VaultsPay was built to make finance simpler, faster, and more secure.
At a Glance
Who We Are
VaultsPay is the brainchild of experts that have looked to improve your customer experience through an omnichannel approach to payments. Our team includes specialists from the IT, Customer Support, Compliance and Relationship Management sectors.
Our Objectives
Our Vision
To be the globally preferred payment solution provider
Our Mission
Our Mission is continuous innovation of the payment ecosystem aiming for world class functionality, with the safest and most flawless customer experience
Our Goals
Earn Trust
With the latest security features and highest international standards.
Universal Products
Develop payment products suitable for customers and businesses.
Enable Success
Become a stakeholder and enabler in the success of our partners.
Exceed Expectations
Ensure a seamless journey for every customer.
Principles Behind Our Progress
Trust with Transparency
We believe trust is earned. We are transparent about fees and global compliance.
Innovate and Grow
Innovation is our core engine, from QR payments to plug-and-play APIs.
Progress With Purpose
Small, meaningful progress adds up to transformational results.
Our Leadership
Our diverse team is driven by a shared passion for innovation and a commitment to excellence.
Ali Almheiri
Chairman
Ali Almheiri has 22+ years of government sector experience, specializing in leadership and strategic planning. He has a strong background in the stock and real estate markets, focusing on investment and analysis. As an entrepreneur, he leverages his expertise to drive growth across sectors.
Saleh Hassan Abdullah Al-Afaleq
Board Member
Saleh Hassan Abdullah Al-Afaleq is an accomplished professional with a diverse background in business. He holds an M.A. in Human Resource Development and a B.A in Management Information Systems. He was a member of the Consultative Assembly of Saudi Arabia and Chairman of the Al-Ahsa Chamber of Commerce & Industry.
Mohammad Ghosheh
Founder & Board Member
Founder and Board Member of VaultsPay, chairing its Executive Committee, and a Board Member of IO Health. With 35+ years in banking and investment, he has led growth and innovation, including as CEO of Noor Capital and senior roles at Commercial Bank of Dubai. He holds an MBA in Finance (UK) and a Bachelor’s in Banking and Finance (Jordan).
Sailesh Malhotra
CEO
Sailesh Malhotra is a senior payments executive with over 2 decades of experience across APAC and MENA, delivering digital growth, decisive market share gains, and tier-1 bank partnerships. He is a proven GCC C-suite leader scaling disciplined, high-performance teams with strong governance.
The Core Team
Built on diversity and collaboration, our team is fueled by innovation and focused on delivering exceptional results.
Rahul Sharma
CTO
Experienced Product & Project Specialist with 25+ years in banking, payments, and regulated fintech. Skilled in translating business goals into product roadmaps and delivery programmes, with expertise in digital banking, regulatory change, and cross-functional collaboration across business, technology, operations teams
Hafiz Usman
Financial Controller
7+ years of experience across fintech, merchant acquiring, and payment processing. Currently serving as Financial Controller at VaultsPay, overseeing financial reporting, settlement oversight, liquidity management, and regulatory compliance within the acquiring ecosystem. Experienced in working with banks, payment schemes, and merchant platforms.
Tendai Shambira
Head of Compliance
25+ years of experience at the intersection of Banking, Electronic Payments, E-commerce, Digital Transformation, and Compliance Governance. Strong record of managing multidisciplinary teams, engaging regulators, and embedding robust compliance and risk frameworks within complex, fast-moving fintech and payments environments across Africa and the Middle East.
Sipra Thomas
Head of Legal
Experienced VP Compliance with a strong track record in financial services. Skilled in payments, MIS, risk management, and business relationship management. Legal background (LLB, Mercantile Law) from University of Calcutta, combining regulatory expertise with commercial insight
Randa Salem
Head of Strategy & Analytics
20+ years experience across Digital Payments, Cards, Merchant Acquiring, Issuing, delivering scalable platforms, profitable growth, and strategic partnerships across global markets. Extensive experience in Product Management, Business Development, and Strategic Alliance Management.
Abhishek Swarnkar
Head of Issuance
Accomplished payments and fintech leader with 20+ years of experience across card issuers, networks, and fintechs, including leadership roles at Razorpay, NPCI, and SBI Card. Proven track record of building billion-dollar businesses, driving innovation, and scaling consumer, SME, B2B, and corporate payments, with a focus on issuance growth across the UAE and Middle East.
Jagjit Singh
SVP – Acquiring and Strategic Partnership
17+ years in payments & fintech across UAE and MENA. Prior: Onlayer, PayTabs, Telr, PayPal SG. Deep expertise in merchant acquiring, MDR/IC++ pricing, BIN sponsorship, and strategic partnerships.
Ready to Partner?
Whether you have a question about our ecosystem or you're ready to scale your business, our experts are just a message away.