FINANCIAL SERVICES | Staff Reporter, Singapore

MasterCard appoints Philip Yen as emerging payments group head

He will be responsible for driving product strategies to ensure maximum penetration of market segments and working with customers to identify opportunities.

Based in Singapore, Yen brings a depth of experience in the emerging payments arena and will be a key driver in developing new payment capabilities in existing and new channels. His remit will also include the integration of solutions across Emerging Payments.

Prior to joining MasterCard, Yen served as Vice President, Product Management at Dynamics Inc., a startup that makes next generation payment cards. He was a founding member of the company and played a key role in product development, marketing, sales, and securing early funding. Prior to Dynamics Inc., Yen worked at Visa Inc. for 16 years.

In his most recent position there, he was Executive Vice President and General Manager for Strategic Innovation based in Sydney, Australia. Yen also held other key positions such as Executive Vice President, Products Group, and General Manager, Emerging Products and Technologies based in Singapore and Tokyo; and Executive Vice President, e-Visa and Senior Vice President, Chip Platform based in California.

Yen holds a Bachelor of Science, Summa Cum Laude from Duke University, North
Carolina.uld be more likely, in our opinion. 

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