Visa rejig: India head TR Ramachandran moves to Singapore, EY's Sandeep Ghosh to take over

#Mastercard, #Rupay, #Visa, reported , told Moneycontrol

Amid Visa Inc’s rising concerns over domestic card network RuPay’s growth and backing from the Indian government, the United States-based company is seeing a rejig in its India leadership.

TR Ramachandran, who served as the Group Country Manager for Visa in India and South Asia since 2015, will now move to Singapore to assume a regional role leading the company’s newly created New Payment Flows business, the company said in a statement.

He will be succeeded by EY executive Sandeep Ghosh, whose last role was Partner and Leader of the Financial Services Consulting practice of EY for India. He has previously worked in roles such as Chief Executive Officer at Bharti AXA Life, led commercial banking verticals of Australia and New Zealand (ANZ) Banking Group, Royal Bank of Scotland and Citi for Asia and India.

Ghosh is an IIM Ahmedabad graduate where he completed his MBA in Marketing and Strategy.

Both Ramachandran and Ghosh will transition to their new roles in the coming months.

“Ram joined Visa in 2015 to lead Visa‘s business across India and South Asia. During that time, he has overseen a significant expansion of the company as Visa’s international capabilities helped support the burgeoning growth of electronic payments across his area of responsibility,” Visa said.

Visa Inc’s regional president Chris Clark said, “We are excited to welcome Sandeep to the team. His deep experience in supporting clients to transform their businesses is exactly what is needed in such a dynamic market.”

News agency Reuters reported on November 29 that Visa has ‘complained’ to the United States government that the Indian government’s promotion of homegrown card network RuPay is hurting Visa’s prospects.

“Visa remains concerned about India’s informal and formal policies that appear to favour the business of National Payments Corporation of India (NPCI) over other domestic and foreign electronic payments companies,” the report said quoting a memo prepared for U.S. Trade Representative (USTR) Katherine Tai.

In response to this, former NPCI CEO AP Hota told Moneycontrol that international card networks Visa and MasterCard have nothing to worry about as the Indian market is huge and has an appetite for multiple players.

“International card players (like Visa and MasterCard) have been complaining ever since RuPay was made part of the Pradhan Mantri Jan Dhan Yojana (PMJDY). They need not get scared. They should focus on what India needs and review their products wherever necessary instead of complaining about the success of RuPay,” he said.

News Related

OTHER NEWS

Climate Change: China's GCL Poly Energy ramps up production of cheaper, more efficient solar panel materials

GCL Poly Energy, one of China’s largest makers of raw materials for solar panels, is ramping up production of a new generation of cheaper and more cost-efficient products that it ... Read more »

Heritage Foods Consolidated December 2021 Net Sales at Rs 667.03 crore, up 10.27% Y-o-Y

Reported Consolidated quarterly numbers for Heritage Foods are: Net Sales at Rs 667.03 crore in December 2021 up 10.27% from Rs. 604.92 crore in December 2020. Quarterly Net Profit at ... Read more »

Gokaldas Export Consolidated December 2021 Net Sales at Rs 520.61 crore, up 96.43% Y-o-Y

Reported Consolidated quarterly numbers for Gokaldas Exports are: Net Sales at Rs 520.61 crore in December 2021 up 96.43% from Rs. 265.04 crore in December 2020. Quarterly Net Profit at ... Read more »

INOX Leisure Consolidated December 2021 Net Sales at Rs 296.47 crore, up 1892.41% Y-o-Y

Reported Consolidated quarterly numbers for INOX Leisure are: Net Sales at Rs 296.47 crore in December 2021 up 1892.41% from Rs. 14.88 crore in December 2020. Quarterly Net Loss at ... Read more »

Tanla Platforms Consolidated December 2021 Net Sales at Rs 884.92 crore, up 35.29% Y-o-Y

Reported Consolidated quarterly numbers for Tanla Platforms are: Net Sales at Rs 884.92 crore in December 2021 up 35.29% from Rs. 654.11 crore in December 2020. Quarterly Net Profit at ... Read more »

Sharda Crop Consolidated December 2021 Net Sales at Rs 879.81 crore, up 78.17% Y-o-Y

Reported Consolidated quarterly numbers for Sharda Cropchem are: Net Sales at Rs 879.81 crore in December 2021 up 78.17% from Rs. 493.81 crore in December 2020. Quarterly Net Profit at ... Read more »

ORIENTAL AROMAT Consolidated December 2021 Net Sales at Rs 205.78 crore, up 7.92% Y-o-Y

Reported Consolidated quarterly numbers for ORIENTAL AROMATICS Ltd. are: Net Sales at Rs 205.78 crore in December 2021 up 7.92% from Rs. 190.68 crore in December 2020. Quarterly Net Profit ... Read more »

Refex Ind Consolidated December 2021 Net Sales at Rs 89.72 crore, down 37.86% Y-o-Y

Reported Consolidated quarterly numbers for Refex Industries are: Net Sales at Rs 89.72 crore in December 2021 down 37.86% from Rs. 144.39 crore in December 2020. Quarterly Net Profit at ... Read more »

Sangam India Consolidated December 2021 Net Sales at Rs 649.80 crore, up 47.6% Y-o-Y

Reported Consolidated quarterly numbers for Sangam (India) are: Net Sales at Rs 649.80 crore in December 2021 up 47.6% from Rs. 440.25 crore in December 2020. Quarterly Net Profit at ... Read more »

PCBL Consolidated December 2021 Net Sales at Rs 1,156.14 crore, up 50.27% Y-o-Y

Reported Consolidated quarterly numbers for PCBL are: Net Sales at Rs 1,156.14 crore in December 2021 up 50.27% from Rs. 769.40 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Seshasayee Pape Consolidated December 2021 Net Sales at Rs 334.16 crore, up 103.11% Y-o-Y

Reported Consolidated quarterly numbers for Seshasayee Paper and Boards are: Net Sales at Rs 334.16 crore in December 2021 up 103.11% from Rs. 164.52 crore in December 2020. Quarterly Net ... Read more »

Container Corp Consolidated December 2021 Net Sales at Rs 1,938.03 crore, up 9.69% Y-o-Y

Reported Consolidated quarterly numbers for Container Corporation of India are: Net Sales at Rs 1,938.03 crore in December 2021 up 9.69% from Rs. 1,766.89 crore in December 2020. Quarterly Net ... Read more »

Vardhman Text Consolidated December 2021 Net Sales at Rs 2,603.18 crore, up 48.74% Y-o-Y

Reported Consolidated quarterly numbers for Vardhman Textiles are: Net Sales at Rs 2,603.18 crore in December 2021 up 48.74% from Rs. 1,750.10 crore in December 2020. Quarterly Net Profit at ... Read more »

IDBI Gold ETF Consolidated December 2021 Net Interest Income (NII) at Rs 2,389.07 crore, up 31.54% Y-o-Y

Reported Consolidated quarterly numbers for IDBI Gold ETF are: Net Interest Income (NII) at Rs 2,389.07 crore in December 2021 up 31.54% from Rs. 1816.29 crore in December 2020. Quarterly ... Read more »

Electronics production in India to reach $300 billion by 2026: Report

Representative image Electronics production in the country is expected to reach USD 300 billion by 2026, industry body ICEA said in a report on Monday. The National Policy on Electronics ... Read more »

Sasken Tech Consolidated December 2021 Net Sales at Rs 106.27 crore, down 6.69% Y-o-Y

Reported Consolidated quarterly numbers for Sasken Technologies are: Net Sales at Rs 106.27 crore in December 2021 down 6.69% from Rs. 113.89 crore in December 2020. Quarterly Net Profit at ... Read more »

KFC Kenya will start sourcing potatoes from local producers amid fries shortage

Photo by: Jason Yuen/Unsplash KFC Kenya is set to start using potatoes from local farmers by the end of this year. The Nyandarua County Government in Kenya and Kentucky Fried ... Read more »

Datamatics Glob Consolidated December 2021 Net Sales at Rs 300.77 crore, down 0.75% Y-o-Y

Reported Consolidated quarterly numbers for Datamatics Global Services are: Net Sales at Rs 300.77 crore in December 2021 down 0.75% from Rs. 303.06 crore in December 2020. Quarterly Net Profit ... Read more »

Polycab Consolidated December 2021 Net Sales at Rs 3,372.00 crore, up 20.48% Y-o-Y

Reported Consolidated quarterly numbers for Polycab India are: Net Sales at Rs 3,372.00 crore in December 2021 up 20.48% from Rs. 2,798.83 crore in December 2020. Quarterly Net Profit at ... Read more »

Vakrangee Consolidated December 2021 Net Sales at Rs 208.67 crore, up 180.61% Y-o-Y

Reported Consolidated quarterly numbers for Vakrangee are: Net Sales at Rs 208.67 crore in December 2021 up 180.61% from Rs. 74.36 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Rattan Power Consolidated December 2021 Net Sales at Rs 804.79 crore, up 164.86% Y-o-Y

Reported Consolidated quarterly numbers for RattanIndia Power are: Net Sales at Rs 804.79 crore in December 2021 up 164.86% from Rs. 303.86 crore in December 2020. Quarterly Net Loss at ... Read more »

IDBI Div 95 Consolidated December 2021 Net Interest Income (NII) at Rs 2,389.07 crore, up 31.54% Y-o-Y

Reported Consolidated quarterly numbers for IDBI Div I NIT 95 are: Net Interest Income (NII) at Rs 2,389.07 crore in December 2021 up 31.54% from Rs. 1816.29 crore in December ... Read more »

Max Ventures an Consolidated December 2021 Net Sales at Rs 38.22 crore, down 87.09% Y-o-Y

Reported Consolidated quarterly numbers for Max Ventures and Industries are: Net Sales at Rs 38.22 crore in December 2021 down 87.09% from Rs. 296.09 crore in December 2020. Quarterly Net ... Read more »

20 Microns Consolidated December 2021 Net Sales at Rs 161.25 crore, up 7.68% Y-o-Y

Reported Consolidated quarterly numbers for 20 Microns are: Net Sales at Rs 161.25 crore in December 2021 up 7.68% from Rs. 149.75 crore in December 2020. Quarterly Net Profit at ... Read more »

Datamatics Glob Standalone December 2021 Net Sales at Rs 149.40 crore, up 31.56% Y-o-Y

Reported Standalone quarterly numbers for Datamatics Global Services are: Net Sales at Rs 149.40 crore in December 2021 up 31.56% from Rs. 113.56 crore in December 2020. Quarterly Net Profit ... Read more »

Wendt Consolidated December 2021 Net Sales at Rs 41.22 crore, up 15.24% Y-o-Y

Reported Consolidated quarterly numbers for Wendt (India) are: Net Sales at Rs 41.22 crore in December 2021 up 15.24% from Rs. 35.77 crore in December 2020. Quarterly Net Profit at ... Read more »

Kabra Extrusion Consolidated December 2021 Net Sales at Rs 105.36 crore, up 69.93% Y-o-Y

Reported Consolidated quarterly numbers for Kabra Extrusion Technik are: Net Sales at Rs 105.36 crore in December 2021 up 69.93% from Rs. 62.00 crore in December 2020. Quarterly Net Profit ... Read more »

Inventure Grow Consolidated December 2021 Net Sales at Rs 13.24 crore, up 68.88% Y-o-Y

Reported Consolidated quarterly numbers for Inventure Growth and Securities are: Net Sales at Rs 13.24 crore in December 2021 up 68.88% from Rs. 7.84 crore in December 2020. Quarterly Net ... Read more »

Delhi HC lists for April 20 PIL on issue of Prime Minister's security

Prime Minister Narendra Modi was stuck on a flyover for almost 20 minutes on his way to Punjab to attend an event on January 5 after protesters blocked his way. ... Read more »

Cybertech Consolidated December 2021 Net Sales at Rs 35.57 crore, up 17.56% Y-o-Y

Reported Consolidated quarterly numbers for Cybertech Systems and Software are: Net Sales at Rs 35.57 crore in December 2021 up 17.56% from Rs. 30.25 crore in December 2020. Quarterly Net ... Read more »

Havells India Standalone December 2021 Net Sales at Rs 3,652.25 crore, up 15.36% Y-o-Y

Reported Standalone quarterly numbers for Havells India are: Net Sales at Rs 3,652.25 crore in December 2021 up 15.36% from Rs. 3,165.85 crore in December 2020. Quarterly Net Profit at ... Read more »

SHAREINDIA Consolidated December 2021 Net Sales at Rs 201.00 crore, up 81.16% Y-o-Y

Reported Consolidated quarterly numbers for SHAREINDIA are: Net Sales at Rs 201.00 crore in December 2021 up 81.16% from Rs. 110.95 crore in December 2020. Quarterly Net Profit at Rs. ... Read more »

Elixir Cap Consolidated December 2021 Net Sales at Rs 1.00 crore, down 86.05% Y-o-Y

Reported Consolidated quarterly numbers for Elixir Capital are: Net Sales at Rs 1.00 crore in December 2021 down 86.05% from Rs. 7.19 crore in December 2020. Quarterly Net Profit at ... Read more »

California Soft Consolidated December 2021 Net Sales at Rs 4.00 crore, up 900% Y-o-Y

Reported Consolidated quarterly numbers for California Software are: Net Sales at Rs 4.00 crore in December 2021 up 900% from Rs. 0.40 crore in December 2020. Quarterly Net Profit at ... Read more »

Lyka Labs Consolidated December 2021 Net Sales at Rs 35.57 crore, up 32.67% Y-o-Y

Reported Consolidated quarterly numbers for Lyka Labs are: Net Sales at Rs 35.57 crore in December 2021 up 32.67% from Rs. 26.81 crore in December 2020. Quarterly Net Profit at ... Read more »

Delhi Metro will curtail services on Republic Day

Delhi-Metro Delhi Metro services on Line 2 between HUDA City Centre and Samaypur Badli will be curtailed on January 26 on account of the security arrangements for the Republic Day ... Read more »

Gland Consolidated December 2021 Net Sales at Rs 1,063.33 crore, up 23.73% Y-o-Y

Reported Consolidated quarterly numbers for Gland Pharma are: Net Sales at Rs 1,063.33 crore in December 2021 up 23.73% from Rs. 859.42 crore in December 2020. Quarterly Net Profit at ... Read more »

Sphere Global Consolidated December 2021 Net Sales at Rs 1.26 crore, down 35.25% Y-o-Y

Reported Consolidated quarterly numbers for Adroit Infotech Limited are: Net Sales at Rs 1.26 crore in December 2021 down 35.25% from Rs. 1.94 crore in December 2020. Quarterly Net Profit ... Read more »

Anand Mahindra, ex film student, may just take up Madhya Pradesh Chief Minister's offer

Anand Mahindra had revealed in a tweet on January 20 that he wanted to be a filmmaker and studied the subject in college.  After industrialist Anand Mahindra revealed last week ... Read more »

Real estate market sentiment up in December quarter but Omicron concerns linger

Sentiment Index Score for real estate touched a record 65 for the fourth quarter of 2021, topping the previous high of 63 in the third quarter, noted a report called Knight Frank-FICCI-NAREDCO Real ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic