With an objective to reinforce and strengthen its presence in the Middle East and Africa region, Access Prepaid Worldwide, a MasterCard company, today announced the appointment of Rajeev Kumar as Regional Director and General Manager for the Middle East and Africa.
In his new role, Rajeev will be responsible for overseeing the expansion strategies and existing business operations of Access in the region while also strengthening the company’s position for future growth. Prior to this role, Rajeev served as a Senior Director for Prepaid Business Development at MasterCard where he was instrumental in driving MasterCard’s success in Prepaid and its marketing leading position in the region.
“As a leading global prepaid card program manager, Access Prepaid Worldwide continues to invest in order to enhance its presence in the Middle East and Africa region where we see a huge potential for future growth,” said Alan King, Managing Director, Europe, Middle East & Africa, Access Prepaid Worldwide.
He added: “Demand for prepaid cards is growing steadily and with leisure and business travel booming across the region, Access’ leading multi-currency prepaid travel card is allowing banks, exchange houses, airlines and other companies to deliver real benefits to travelers. Rajeev possesses rich experience in the prepaid business which he has gained over the years in the Middle East & Africa and we are confident that in his new role, he will add great value to our ongoing efforts to build and strengthen our presence in this dynamic region.”
During his career, Rajeev has successfully managed over 90 prepaid launches covering payroll, gift, GPR, affinity, private label and a number of multi-currency travel programs, contributing to triple digit growth rates in cards, sales volume and revenue. Rajeev joined MasterCard in 2005 where he has held a series of senior positions including Vice President and Country Manager for Bahrain and Director of Member Relations for Oman, Kuwait and Bahrain.
Prior to joining MasterCard, Rajeev worked as Head of Retail Banking for the Bahraini Saudi Bank in Bahrain and was also the Divisional Head for Sales and Marketing with the National Bank of Dubai. He also held the position of the Head of Consumer Lending with ANZ Grindlays Bank and Standard Chartered Bank in the UAE.
Access Prepaid Worldwide manages prepaid card programs for thousands of organizations across the globe. With over 17 years of global experience, Access delivers consumer and corporate travel, payroll and foreign currency prepaid card programmes to a diverse set of partners.