May 17, 2011 08:00 AM Eastern Daylight Time
PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide today announced that Ajay Bhalla has been appointed president of DataCash, responsible for all of MasterCard’s Commerce Gateway Services. Last year, MasterCard acquired DataCash, a European payment service provider.
In his new role, Bhalla will provide leadership and management for MasterCard’s global end-to-end Gateway processing solutions organizations – DataCash and MIGs – as well as the associated DataCash Fraud Tool and Risk Management services. He will be responsible for the profitability of the business, the operations and ongoing business integration, as well as developing the long-term vision, strategies and marketing plans that support global market expansion through new channels and service offerings.
Bhalla has more than 20 years experience in the financial services industry. He joined MasterCard in 1992 and most recently served as division president for South East and South Asia (SESA). While leading SESA, he introduced a number of new technologies, including PayPass, and also helped to develop the MasterCard Titanium card, which has since been launched globally for the affluent market. Bhalla also launched successful partnerships with non-financial institutions, such as one that enabled MasterCard cardholders to use PayPass on Singapore’s public transportation network. Lastly he was instrumental in developing a payment solution for ‘Aadharr’, a 12-digit Unique Identification Number (UID) which captures basic demographic and biometric information of Indian citizens significantly increasing MasterCard’s contribution to financial inclusion across India.
Prior to joining MasterCard, Bhalla held positions at HSBC and Xerox.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.