MasterCard Appoints Industry Veteran to Lead Newly-acquired ElectraCard Services

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Ram Chari to Spearhead Payments Processing Innovations

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Pune, 15 July, 2014 – Following the successful acquisition of ElectraCard Services Private Limited, (“ECS”), MasterCard today announced that it has appointed Ram Chari as Chief Executive Officer of ECS. Based in Pune, India, Mr. Chari will lead the electronic payments solution provider in delivering the full spectrum of processing solutions and services to enhance MasterCard’s offerings across Asia/Pacific, Middle East and Africa (APMEA).

Coupled with over twenty years of financial services and processing experience, most recently as Senior Business Leader, Alliances and Processing, for MasterCard in APMEA, Mr. Chari will apply his diverse regional expertise to overseeing the global operations and growth of the business. In particular, he will be responsible for the smooth integration and overall execution of the company’s business strategy, as well as establishing dynamic synergies to fuel processing innovations.

Vicky Bindra, President for MasterCard in APMEA said, “We are pleased to have Ram lead ECS, as his wide and varied expertise, gained over many years of dedicated service to the payments industry, will help drive processing innovations at ECS. We believe this will complement MasterCard’s commitment to providing top-notch payments solutions to our merchants, customers and various stakeholders.”

In his previous role at MasterCard, Mr. Chari spearheaded developments in mergers and acquisitions as well as in organic business opportunities, which resulted in the strengthening of MasterCard’s regional strategy.

Prior to joining MasterCard, Mr. Chari was the Chief Executive Officer of Network International in Dubai, United Arab Emirates. Under his leadership, the firm went from strength to strength, spreading its customer reach across 16 countries in the Middle East and Africa; to establish its position as a market leader in the payments industry. Towards the end of his stint, Mr. Chari focused on cultivating sustainable payments solutions in emerging markets across the Middle East, Africa and India.

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About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

News Source : MasterCard Appoints Industry Veteran to Lead Newly-acquired ElectraCard Services
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