Vikas Varma
Mastercard, a leading technology company in the global payments industry,announced the elevation of Vikas Varma to Chief Operating Officer.
Vikas has been associated with Mastercard since 2005 and has held various leadership roles, including overseeing business,market and merchant development, among others.
Recently, Mastercard announced an investment of US$1 billion over the next five years in India, in addition to the earlier investment of US$1 billion between 2014-19. Vikas will play a critical role in channelizing this investment towards Mastercard's long term strategy for the India market.
In his new role, Vikas will lead initiatives such as new partnerships and development of digital payments solutionsin the country. These initiatives will further accelerate Mastercard's ongoing focus on technology innovation, merchant acceptance, and consumer adoption of digital payments.
In addition to India,Mastercard is partnering with the governments and regulators in South Asian emerging markets such as Bangladesh and Sri Lanka to build the requisite infrastructure and promote digital payments. These countries have also laid down a roadmap for digital transformation and are encouraging their citizens to go 'cashless'. This has opened up significant opportunities for the growth of digital payments in these countries. Vikas will also provide guidance tothe country management of Sri Lanka and Bangladesh for Mastercard.
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