Mastercard announced that Safdar Khan has been named as its Division President for Southeast Asia. This 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 services 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.
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 Vietnam.
Under his able leadership, Mastercard has undertaken strategic partnerships in Indonesia to build and sustain local relevance, gaining market share leadership.
Khan also played a key role in taking Mastercard’s cyber and intelligence solutions beyond the payments industry.
He was also a key player in the signing of a MoU with Thailand’s Digital Economy Promotion Agency, which inducted 27 Thai cities into Mastercard’s City Possible global network, becoming the largest cohort to join the expanding community of member cities.
Khan started his career with Mastercard in 2006 and has since held numerous leadership positions across multiple regions, including Division President, Indonesia, Malaysia and Brunei, Country Manager Malaysia & Brunei, Country Manager Qatar, Oman & Kuwait, as well as Lead, HSBC Global Key Account, South Asia, Middle East & Africa.
Prior to Mastercard, he held pivotal roles in financial services, technology and e-businesses, in companies such as ABN Amro, Citibank and Oracle, across North America, Asia and the Middle East.
“To me, Southeast Asia is the most dynamic landscape for payments technologies.
Mastercard has helped to drive the rapid shift in consumer behavior that has seen people across Southeast Asia move at lightning speed from relying on cash to contactless payments, and more recently, mobile payments.”
said Safdar Khan, Division President, Southeast Asia at Mastercard.