MasterCard announced the appointment of Nick Vora as the Head of MasterCard’s Processing Center – an end-to-end, multi brand cards and payments processing center that provides integrated processing services to customers across the Middle East and North Africa (MENA).
Besides allowing its customers to swiftly develop innovative payment solutions, the Center will also deliver richer behavioral insights through comprehensive cardholder intelligence, allowing banks to develop offers based on consumer spending patterns.
Vora moved to Dubai from the global headquarters in New York where he led MasterCard’s product development and market expansion efforts for the company’s US-based payment processing platform. In his capacity here, he will be dedicated to leveraging MasterCard’s operations and processing technology for stakeholders, allowing them to focus on creating safe, simple and smart payment products, and bringing innovative solutions to the market.
“As consumers continue to embrace electronic payment solutions, it is vital to ensure that our partners are well positioned to respond to these evolving demands, allowing them to offer the most advanced products and services. Vora is a proven leader with a deep understanding of the payment processing field and I am confident of the role he will play in helping MasterCard drive the adoption of next generation payment solutions. We are delighted to have him on board,” said Raghu Malhotra, Division President for MasterCard in the Middle East and North Africa.
Prior to joining MasterCard in 2011, Vora was the Founder and Managing Partner of a boutique consultancy that specialized in implementing and expanding innovative payment solutions globally.
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