Ajay Banga wraps up official 2-day visit with launch of new MasterCard office

Kuala Lumpur, xx April 2012 – Ajay Banga, President and CEO of MasterCard Worldwide launched the new local office today in a brief ceremony, reaffirming its commitment to the country. Located in Menara Kencana Petroleum Kuala Lumpur, the new office represents a key milestone for the Malaysia office. Accompanying him was Jim Cheah, vice president and senior country manager of Malaysia and Brunei, MasterCard Worldwide.

Speaking in his opening address, Ajay Banga congratulated the local team on the launch of its new office and added that Malaysia, with its dynamic leadership and growing economy represents an important opportunity for the payment industry.

During his visit, Mr. Banga met up with key industry players to discuss outlook and emerging trends in the payment segment. Mr. Banga’s visit to Malaysia is part of his tour to key markets in Asia Pacific, which includes visits to offices across China and India. The purpose of these trips is to further strengthen MasterCard’s leadership, build strategic relationships and forge new collaborations.

With a solid track record in the international banking sector, Mr. Banga has spearheaded MasterCard’s key strategic initiatives that significantly advanced the company’s position as a leader and innovator in the global payments industry. Leading a company with a presence in over 200 countries, Ajay Banga has been working continuously towards the advocacy for a cashless society.

“We are deeply honoured to have Ajay Banga, the driving force behind the global success of MasterCard Worldwide here to officiate our new office. His presence here today is a testament of the importance of the Malaysia market,” said Jim Cheah vice president and senior country manager of Malaysia and Brunei.

Also present at the event were key MasterCard executives; Vicky Bindra, President of Asia Pacific, Middle East & Africa Region, Matthew Driver, MasterCard division president for Southeast Asia and Thalia Comninellis, Senior Business Leader, CEO’s office.

To view photos from the event, check out our Flickr photo album.

About MasterCard Worldwide

MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates 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 @mastercardnews, join the conversation on The Heart of Commerce Blog and subscribe for the latest news.



Kashini Krishnamurthy, kkrishnamurthy@webershandwick.com, (03) 6209 5217, 019 379 2631

Nabila Adnan, nadnan@webershandwick.com, (03) 6209 5221, 016 331 5509