Mastercard has appointed Gautam Aggarwal as Division President for South Asia & Country Corporate Officer, India, effective January 1. He takes the mantle from Nikhil Sahni, who is assuming a new regional role within the company.

With his new remit, Aggarwal will oversee all of Mastercard’s activities across South Asia and India, including product management, engagements with customers and regulators, marketing and more. In addition, as head of the payment technology firm’s South Asia division, based out of Mumbai, he will lead operations across the sub-continent, covering Sri Lanka, Bangladesh, Nepal, Maldives and Bhutan, in addition to India.

“I am incredibly energized to steward Mastercard’s South Asia division which includes some of the fastest growing, most dynamic economies in the world. With the India growth story in particular being closely watched globally, Mastercard is committed to doing all that it can to enable the government’s Digital India vision by investing the full breadth of its resources – people, data, services, technology, philanthropy – to support the country’s long-term inclusive growth,” said Aggarwal.