Mastercard appoints Safdar Khan as Division President for Southeast Asia

Thursday, Jan 13, 2022 11:04

Khan brings 15 years of experience with the company to lead a diverse region with several rapidly emerging economies. — Photo Mastercard

Mastercard on January announced Safdar Khan as Division President for Southeast Asia. The appointment is an expansion of his former role as Division President, Southeast Asia Emerging Markets.

A 15-year veteran of Mastercard, Khan’s previous role saw him building business momentum with an assertive distribution strategy and expanding revenue by growing the company’s service offerings. He will now be responsible for implementing Mastercard’s multi-rail digital payments agenda in 10 Southeast Asian markets and delivering increased value to the company’s stakeholders.

“Having worked in markets across the globe, I’ve witnessed the evolution of digital needs for governments, consumers and businesses. To me, Southeast Asia is the most dynamic landscape for payments technologies,” said Khan.

“Mastercard has helped to drive the rapid shift in consumer behaviour that has seen people across Southeast Asia move at lightning speed from relying on cash to contactless payments, and more recently, mobile payments. This has provided an opportunity to empower individuals and businesses, especially merchants, with innovative payments solutions that enable safer, faster, more convenient options to transact. It has been a pleasure to see the implementation of Mastercard’s solutions making a difference in the lives of people across the region, and especially for micro and small businesses.”

During Khan’s tenure as Division President, Southeast Asia Emerging Markets, he was instrumental in launching several firsts in the region including dual-chip cards and QR-on-Card technology in Viet Nam.

Under his able leadership, Mastercard has undertaken strategic partnerships in Indonesia to build and sustain local relevance, gaining market share. Khan also played a key role in taking Mastercard’s cyber and intelligence solutions beyond the payments industry. — VNS

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