PURCHASE, N.Y., Apr 20, 2010 (AllPayNews) -- MasterCard Worldwide today announced that Nandan Mer has been appointed Group Executive, Global Consumer Credit, effective immediately.
Most recently, Mer was Chief Executive Officer, United Bank for Africa Investment & International Banking. He previously spent 20 years with Citigroup Consumer Bank, establishing and growing businesses in locations such as India, Israel, Russia, and the United Kingdom.
In his new role, Mer will have global responsibility for the company's consumer credit products, with a focus on developing competitive differentiation globally while deploying solutions at the local market level.
"We are delighted to welcome Nandan Mer who will play a critical role in growing our consumer credit business around the globe," said Tim Murphy, Group Executive, Core Products for MasterCard. "His decades of global credit experience in many burgeoning markets around the world will benefit our company, our customers, our cardholders and other important stakeholders in our business."
Mer holds a MBA from the University of Massachusetts and will be based in London.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.