Last week, global payments services major Mastercard on Monday picked up a stake in Bengaluru-based Instamojo Technologies, a full-stack digital payment and ecommerce solutions provider for medium, small and micro enterprises (MSME).
In an interview with TechCircle, Vikas Varma, Chief Operating Officer, Mastercard South Asia discussed other chapters from the 54-year old company’s India playbook at enablement of MSME and payments digitisation.
Varma also elaborated on his primary role of scouting for emerging growth opportunities across the Asia Pacific region, and its percolation in real-time use cases in India.
Covid-19's effect on the world, Varma said, has identified newer ways for consumers to shop with digitization, e-commerce, and connected devices usage linking with each other to form a modern fintech ecosystem.
Payments, he added, will become invisible with seamless customer experiences, going forward.
Among other ground covered in the interview, was Mastercard’s current plan to adopt to the latest version of EMV 3-D Secure that is 3DS2, an online payment protocol for faster authentication.