Priceless Banga
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June 4, 2010 at 5:07 PM
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MasterCard Inc has elevated Ajay Banga to chief executive officer, just 10 months after recruiting him from Citigroup as president and chief operating officer.
Credit card companies Visa and Mastercard are on a tear as consumers increasingly shift from paper to plastic. Last year card transactions exceeded paper transactions for the first time and in three years electronic payments are expected to rise to almost $6 trillion |
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