afaqs! news bureauPublished: 11 Oct 2019, 9:55 AM
People Spotting

Mastercard India elevates Vikas Varma to Chief Operating Officer

Mastercard has recently 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. 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 solutions in the country. These initiatives will further accelerate Mastercard’s ongoing focus on technology innovation, merchant acceptance, and consumer adoption of digital payments.

Vikas will oversee the progress of Mastercard’s Start Path program in India.

Elaborating on the strategic decision, Porush Singh, Division President, South Asia, Mastercard said, “Mastercard is excited to announce the appointment of Vikas Varma as Chief Operating Officer. With his deep understanding of the payments ecosystem and retail financial services, Vikas has contributed immensely to Mastercard’s operations in India. Given his vast experience and expertise in payments innovation in emerging markets, Mastercard is confident that in his new role, Vikas will be instrumental in driving growth of digital payments and support India’s evolution to a less-cash society.”

Before joining Mastercard, Vikas has worked with major global payment brands and has held leadership positions in areas of market development and consumer cards products. He is an alumnus of Institute of Management Technology, Ghaziabad.