Ajay Banga is the former President and CEO of Mastercard, where he played a central role in its growth. Under his leadership, the company transformed into a leader in digital payments, processing over $9 trillion in volume in 2023 alone....
Ajay Banga is the former President and CEO of Mastercard, where he played a central role in its growth. Under his leadership, the company transformed into a leader in digital payments, processing over $9 trillion in volume in 2023 alone. Before becoming CEO in 2010, he had significant experience in finance and operations, having worked with Citi for many years, where he led various global initiatives. After stepping down from his role at Mastercard in 2021, he became Executive Chairman and then took on an advisory role with General Atlantic, focusing on global strategic growth. An interesting fact about Banga is that during his time as CEO, he earned a peak annual compensation of nearly $28 million in 2020, highlighting his impact and the company's success. Banga is also involved with the International Chamber of Commerce and holds several board roles, combining corporate leadership with a commitment to global economic development. His educational background includes an MBA from the Wharton School and a Bachelor's degree in Economics from St. Stephen's College in Delhi, showcasing his strong foundation in business principles. Throughout his career, Banga has been known for his willingness to tackle challenges and innovate in the rapidly evolving payments landscape, making him a significant figure in the corporate world.