MasterCard's New Master - Ajay Banga

MasterCard's New Master

Naazneen Karmali, 07.09.10, 04:00 AM EDT - Forbes

Former Citibanker Ajay Banga is pushing for new markets and new ways to pay.

MasterCard CEO Ajay Banga

MUMBAI -- In April, MasterCard's board met in Singapore where it named Indian-born Ajay Banga, the company's chief operating officer and president, to succeed outgoing chief executive Robert Selander. The choice was symbolic of where the world's second-largest card payment processor sees its future. "Credit cards are alive and well in Asia. There's a huge runway for growth in the developing card markets of China and India"; says Banga, 50, who took charge as chief executive on July 1.  The former Citigroup ( C - news - people ) executive cites the...<<read more>> 

Related articles by Zemanta

• MasterCard Reaches Debit Milestone (pindebit.blogspot.com)


• MasterCard's Banga Goes From Cheerleader to Protector (online.wsj.com)


• MasterCard's New Master (forbes.com)


• MasterCard: Vermont Legislation Could Require Consumers to Pay More at Checkout (pindebit.blogspot.com)