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Mastercard restructures leadership roles in MENA

Mastercard restructures leadership roles in MENA
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Riyadh - Mubasher: Payments giant Mastercard announced restructuring its regional operations, appointing new division leaders as it aims to step up growth across the Middle East and North Africa (MENA).

This initiative forms part of the company's overarching strategy to accelerate growth, foster deeper stakeholder engagement, and reinforce its multi-rail capabilities in key markets, according to a press release.

The restructuring sees the former MENA Central cluster divided into two distinct divisions: West Arabia and East Arabia.

To spearhead the West Arabia division, Mastercard has appointed Adam Jones to the role of Executive Vice President and Division President.

With over 15 years of experience in the payments industry and a robust tenure at Mastercard spanning eight years, Jones brings a wealth of expertise to his new position.

His track record includes pivotal roles in various regions, including the UK, Middle East, and Africa, coupled with notable achievements such as his involvement in advancing digital transformation initiatives and fostering partnerships to drive innovation.

By establishing the West Arabia Division, the business has taken a monumental step forward based on the dedication, resilience, and exceptional achievements of the MENA Central Team,” Adam Jones said.

He added: “I am proud to be part of Mastercard and look forward to driving impactful strategies that place our customers at the heart of everything we do, add value to local economies and unlock new growth opportunities.”

In addition to Jones's appointment, Mastercard has named J.K. Khalil to lead its East Arabia division.

Moreover, as part of its One Africa Strategy, the company consolidated its Northwest Africa markets into the expanded Africa division under the leadership of Mark Elliott.

In April 2024, areeba, a leading payment solutions company, announced the successful certification of its in-house-developed switch by Mastercard.