By: | Melbourne | Identifying India as one of the “fastest” growing e-commerce nations, a leading global credit card company has said it will increase its investments in the country where it has already grown by 30 per cent in the last two years. “India is one of the top priorities in the region. We have increased our investments in India by over 30 per cent in the last two years and we are going to increase it even more,” Sam Ahmed, Mastercard’s senior vice-president of marketing for Asia Pacific, told PTI here. Ahmed indicated that the company’s investment plans were in line with the Indian government’s “digital India” initiative and would help Indian consumers in digital payments in their daily lives. Watch What Else Is In News? He said the company was looking at a number of digital payment innovations which were to be launched in India in future including face recognition, Masterpass and other online payment methods. He said mobile penetration in India was the highest and termed it as the key to get the users’ access to such digital payment innovations. Commenting on the flow of investments in India, Ahmed said the company was keen to support the digitisation move to help consumers understand about it. The investments will also be channelised towards the digital and e-commerce engine giving consumers what they need. we are planning to do this by partnering with small businesses and merchants and outbound travellers, he said. The company is eyeing to tap movie launches and sponsoring local sports as a part of its marketing campaigns. “Movies are such a passion in India. The area we are looking at is movie launches,” Ahmed said. Currently, the company has veteran Bollywood actor Anil Kapoor and his daughter Sonam Kapoor as its Brand ambassadors. 📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines For all the latest Business News, download Indian Express App.
Mastercard will increase investment in India to meet demand for mobile payments caused by the Indian government's bid to digitise personal finance, according to Sam Ahmed, Mastercard's senior vice-president of marketing for Asia Pacific. The company is preparing launches of digital payment methods, including facial recognition payments and its Masterpass digital wallet service. These services will be rolled out in partnership with small businesses, merchants and outbound travellers, while movie launches and sports events will be used to market the campaign. Over daily, Mastercard increased its investment in India by 30%.