First Data Expands Presence in India Through a Technology Hosting Agreement with Kotak Mahindra Bank

15.05.08 - 19:22 ... source : First Data

... MUMBAI, India, 15 May, 2008 - First Data Corp., a global leader in electronic commerce and payment services, has signed a card processing agreement with Kotak Mahindra, one of India's leading financial conglomerates. This agreement strengthens First Data's presence in India and further supports the company's expansion into the Asia Pacific market. Under the five-year agreement, First Data will provide processing services for Kotak's unsecured lending portfolio, supporting the launch of a new credit card and loan portfolio. Client services support will be provided locally from First Data's offices in Mumbai. Using a global team of experts across Asia, Australia and the United States, First Data offered Kotak Mahindra Bank speed to market by implementing the processing infrastructure within four months. Vikram Sud, Chief Operating Officer, Kotak Mahindra Gro ...» Next (HTML)