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AEC inspires Mastercard leadership moves

AvantiKumar | Oct. 31, 2016
Mastercard said the leadership moves in Malaysia, Brunei and Indonesia are in tune with the emerging ASEAN Economic Community.

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Image (CIO) - Portion of payment card

 

While announcing new leadership arrangements for Malaysia, Brunei and Indonesia, Mastercard said the moves will allow the payments provider to increase focus on innovative new payment options among other opportunities in the era of the ASEAN Economic Community (AEC).

Perry Ong, who joins Mastercard from AmBank, is now country manager of Malaysia and Brunei, taking on the role previously held by Safdar Khan, who is now division president for Indonesia, Malaysia and Brunei.
 
Based in Kuala Lumpur, Ong will drive core business growth as well as new and emerging payment innovations in addition to relationships with industry players and customers covering both bank and non-bank institutions.
 
Ong said, "Malaysia is a key market for Mastercard with its advanced payments landscape having experienced many milestones and seen exciting developments."

"These include the implementation of more secured CHIP and PIN technology as the industry moves away from signature-based to PIN-based systems and continuous efforts towards accelerating the country's e-payments migration," he said. "Mastercard is supporting Malaysia in this initiative by delivering safe, simple and smart payment products and solutions and best-in-class technology to address the growing market demands." 

Perry Ong - Mastercard

Perry Ong, Country Manager, Malaysia & Brunei, Mastercard

Safdar Khan, now division president, Indonesia, Malaysia and Brunei, welcomed Ong and said prior to joining Mastercard, Perry was chief executive officer AmCard Services and senior vice president of International Solutions. He has also served as chairman and advisor of the National Cards Group in Malaysia.
 
 New division
 
Meanwhile Khan will be responsible for delivering increased value to Mastercard stakeholders by driving the implementation of the company's digital payment technologies.

Safdar Khan - Mastercard

Safdar Khan, Division President, Indonesia, Malaysia & Brunei, Mastercard

He will be based in Jakarta where the new division will be headquartered. These leadership moves point to the increasing importance of the developing Southeast Asian economies, especially Indonesia, which is expected to be a trillion dollar economy over the next few years, and the world's fourth largest economy over the next decade.
 
Commenting on the appointment, Ari Sarker, co-president, Asia Pacific, Mastercard said, "With the establishment of the ASEAN Economic Community (AEC) as a major milestone in the regional economic integration agenda."

 

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