|Tuesday, 02 August 2011 12:03
|Yen to lead emerging payments at MasterCard in APMEA
Former Visa man appointed to new role
Philip Yen has been appointed to the new role of group head, emerging payments at MasterCard.
The position is part of the card network’s strategy to drive innovation in electronic payments across the Asia/Pacific, Middle East and Africa (APMEA) region.
Based in Singapore, Yen will be responsible for driving product strategies to ensure maximum penetration of market segments and working with customers to identify opportunities. His remit will also include the integration of solutions across Emerging Payments.
Prior to joining MasterCard, Yen served as VP, product management at Dynamics, a startup that makes next generation payment cards. Prior to this he worked at Visa Inc for 16 years. In his most recent position there, he was executive VP and general manager for strategic innovation based in Sydney, Australia.
“With the convergence of technology and payments, the development of an innovative suite of products and services that meets the needs of consumers in our diverse region has become increasingly important,” said Vicky Bindra, president, APMEA, MasterCard.