Ajay Bhalla will move from Division President for South East and South Asia to President of DataCash effective 6 June 2011, and will be based in the UK. DataCash was acquired by MasterCard in 2010, and is key to driving MasterCard ’s e-Commerce strategy globally, allowing the company to provide new services to acquiring customers and drive increased e-Commerce penetration in both existing and new markets. In this new position, Mr. Bhalla will lead MasterCard ’s global end-to-end gateway processing solutions organizations – DataCash and MIGS – as well as the associated Fraud Tool and Risk Management services, and will be responsible for their overall management, operations and strategic vision.
Mr. Bhalla has served in several capacities in nearly two decades with the organization, and was appointed Division President for South East and South Asia in 2010, responsible for MasterCard ’s business in 14 markets.
Under his leadership, the markets have become a hotbed for the rollout of new technology and innovative card programs, including MasterCard ® PayPass™ contactless technology, mobile payments with Near Field Communication capability and the unique MasterCard Titanium card, targeted at the young and upwardly mobile affluent consumer. He was instrumental in the development of a payment solution for ‘Aadhaar’, a 12-digit Unique Identification Number (UID) which captures basic demographic and biometric information of Indian citizens, which significantly increases MasterCard ’s contribution to financial inclusion across India. Mr. Bhalla is also credited with successful strategic partnerships with a number of non-financial institutions in South East and South Asia, such as one that enabled MasterCard cardholders to use PayPass on Singapore’s public transportation network.
Matthew Driver will take on the role of Division President, South East Asia with immediate effect, and will be responsible for leading MasterCard ’s business in Singapore, Malaysia, Thailand, the Philippines, Indonesia and Indochina. Mr. Driver joined MasterCard in 2002, and first started in the UK, where he led the Citibank relationship in Europe before becoming general manager and global lead for the ABN Amro Global Account. He subsequently moved to Singapore as senior vice president and general manager for the Citibank Global account team for Asia/Pacific, Middle East & Africa (APMEA).
In 2010, he was appointed head of the Regional Key Relationships Division with oversight for key customer relationships across APMEA. Under his leadership, the team strengthened the relationship with key customers and secured numerous multi-year agreements. Mr. Driver will continue to oversee these key customer relationships until a suitable successor is found.
Mr. Driver has over 18 years of experience in the financial payments industry. Prior to MasterCard , he held a range of senior business development, new product development, marketing, consulting and research roles at American Express, WPP plc and Westpac Banking Corporation.
T.V.Seshadri will take up the position of General Manager of South Asia and Country President, India, responsible for promoting MasterCard ’s business in India, Sri Lanka, Bangladesh, Nepal, Bhutan and the Maldives.
During his 14 years with MasterCard , Mr. Seshadri has held several roles overseeing operations in South East Asia, and in country management in Singapore and South Asia. He has been credited with many successes, including spearheading the introduction of many innovative card products and new payment alternatives such as mobile commerce, as well as launching initiatives in e-commerce & chip design. Prior to joining MasterCard , Mr. Seshadri worked for 11 years with Bank of America in India, Singapore and Hong Kong where he managed a broad range of portfolios with an extensive focus on retail product management.