Mastercard elevates Vikas Varma as chief operating officer for India

By

Maverick Martins

Published
Oct 11, 2019

Mastercard has elevated Vikas Varma to the position of chief operating officer for the Indian market as it looks to strengthen its position in the digital payments market in India.
 

Varma will be responsible for new partnerships and development of digital payment solutions in the country in his new role.
 
Mastercard is betting big on the Indian market for its overall growth and had recently announced $ billion (Rs 7,000 crore) investment in the country. Varma will be the strategic advisor to the company on the utilisation of these funds for India.

Commenting on the appointment, Porush Singh division president for Mastercard in a statement 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,” he added.
 
Varma has been associated with Mastercard since 2005 and has held various leadership roles in the company. Before joining Mastercard, Varma has worked with major global payment brands in leadership positions.