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Mastercard open to acquisitions in India, to invest $800 mn over 4-5 yrs

Mastercard has over $4.5 billion worth of investment in India

Press Trust of India  |  New Delhi 

MasterCard credit cards are seen in this illustrative photograph. Photo: Reuters
MasterCard credit cards are seen in this illustrative photograph. Photo: Reuters

US-based payments company on Thursday said it is open to acquiring in and will invest $800 million over the next 4-5 years.

Speaking at the Economic Summit organised by the World Economic Forum, President and CEO Ajay S Banga said accounts for 3 per cent of the company's global and 14 per cent of its


"We have bought a couple of in .. that's where the have been in the last 2-3 years. We are continuing with that. We are in the process of looking at other and also organic investment," Banga said.

has over $4.5 billion worth of investment in

"We have committed... to invest $800 million in over the next 4-5 years," Banga added.

had first bought a stake in an Indian company, software solutions and payments management firm ElectraCard Services (ECS), in 2010. It fully acquired ECS in 2014.

In the same year, the company acquired and on-device software provider C-SAM, which has operations in

First Published: Thu, October 05 2017. 15:28 IST
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