Tag: MasterCard

  • RBL Bank launches campaign

    RBL Bank, in partnership with IndianOil and powered by Mastercard, has launched the IndianOil RBL Bank Xtra Credit Card, accompanied by a #FurtherAndBeyond campaign.

    Notes a communique: “What sets this launch apart within the BFSI (Banking, Financial Services, and Insurance) sector is its approach to blending financial services with experiential marketing. The campaign’s theme, “Further & Beyond,” embodies the spirit of exploration and pushing boundaries. To promote the card, social media influencers known for their passion for travel, embarked on a thrilling 750 km road trip from Chandigarh to Leh-Ladakh, documenting their journey and showcasing the card’s real-time benefits at various petrol stations and pit stops. The journey was extensively documented and shared on social media, showcasing the card’s real-time benefits and its role in enhancing the travel experience. So far, over 150 plus content pieces have been created, reaching an audience of 20 million as part of this campaign.”

     

     

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  • Mastercard and ICC sign global partnership

    By Our Staff

     

    The International Cricket Council (ICC) has joined hands with Mastercard to become a Global Partner for the ICC Men’s Cricket World Cup 2023 to be held in India between 5 October and 19 November 2023.

     

    Mastercard’s tie-up with the ICC highlights the brand’s commitment to cricket and adds to the global technology company’s prestigious international sports sponsorship portfolio which includes associations with the likes of UEFA Champions League and the PGA Tour.

     

    ICC Chief Executive, Geoff Allardice said: “We are delighted to announce Mastercard as a global partner for the ICC Men’s Cricket World Cup 2023, the pinnacle event of the one-day game. Mastercard brings its rich experience of sports partnerships to the table, and the ICC is looking forward to collaborating with a renowned global brand to bring many benefits to cricket lovers around the world.”

     

    Chief Marketing and Communications Officer at Mastercard, Raja Rajamannar added: “Cricket is a huge passion for millions of people across the globe, particularly in India and South Asia. We are excited to partner with the ICC for the 2023 ICC Men’s Cricket World Cup, allowing us to bring fans closer to their passion for the sport. We’re dedicated to connecting our customers, cardholders and all cricket enthusiasts to priceless possibilities throughout the tournament.”

     

  • BCCI & Mastercard promote women’s cricket

    By Our Staff

     

    Mastercard and the Board of Control for Cricket in India (BCCI) have jointly launched the #HalkeMeinMattLo (don’t take it casually) campaign as part of their ongoing endeavor to support gender equality on and off the field. The films developed under the campaign depict the journey of top Indian women cricketers Shafali Verma, Harleen Kaur Deol and Renuka Singh, highlighting their struggle, hard work and determination to do well.

     

    Speaking about the campaign, Jay Shah, Honorary Secretary, BCCI said: “India and Australia are among the top teams in world cricket and the contests between these teams have been quite thrilling. Each of their last few games has gone down to the wire and I am sure we will get to witness some top-quality cricketing action in Mumbai as the two teams meet again. We are happy to partner with Mastercard for the campaign, which will bring out the stories of hard work, sacrifices and dedication. We want to encourage young girls to pursue cricket as a passion and a career option.”

     

    Added Julie Nestor, Senior Vice President and Head of Marketing & Communications, Asia Pacific, Mastercard: “Mastercard has been striving to make sports more inclusive globally. Cricket is the most celebrated sport in India. We commend the BCCI for its inclusive pay policy and are delighted to actively support women’s cricket as part of the overall sponsorship of the BCCI home series matches. Collaborating with the BCCI to promote women’s cricket is an extension of Mastercard’s larger commitment to address gender biases and encourage women’s participation in sports.”

     

  • Mastercard launches campaign to woo tourists to Sri Lanka

    By Our Staff

     

    Mastercard has launched the ‘Sri Lanka with Love’ campaign to encourage Indian tourists to explore the vast array of experiences offered by the beleaguered island nation.

     

    Said Harin Fernando, Minister of Tourism, Sri Lanka: “The mix of unique experiences, cultural and geographical proximity and affordability make Sri Lanka one of the most preferred international tourism destinations for Indian travellers. On top of this, Mastercard’s ‘Sri Lanka with Love’ campaign will provide even greater value to Indian tourists for their spends during their trip. We are confident that this partnership will go a long way towards re-establishing Sri Lanka’s credibility as a safe and affordable tourism destination.”

     

    Added Vikas Varma, Chief Operating Officer, South Asia, Mastercard: “The authentic and diverse experiences offered by the island country make it one of the most desirable holiday destinations. Between January-September 2022, Indian travellers comprised more than 16 percent of all international arrivals to Sri Lanka. Moreover, as socioeconomic conditions in Sri Lanka improve, Mastercard is delighted to offer Mastercard cardholders in India an array of meaningful rewards and experiences to entice them to visit Sri Lanka again, or for the first time.”

     

  • Blond-haired blue-eyed brands!

     

     

    By Avik Chattopadhyay

     

    Avik ChattopadhyayAs we read this, over 300 brands from across the world have taken a stand against Russia since it invaded Ukraine. Some real big names like Apple, General Motors, Volkswagen, Levi’s and MasterCard have decided to halt/ suspend operations and shipments. Consultancy firms like BCG, McKinsey and Deloitte have taken a call. Even some Chinese brands like Bank of China and Tik Tok have joined the list. All non-Russian energy companies have moved away either like BP and Shell divesting their shareholding in Rosneft or ExxonMobil walking away from the Sakhalin 1 project.

     

    While tracking the updated status on the internet, I came across an interesting Twitter feed that I cannot help but share here.

     

     

    While such economic ‘sanctions’ are very much expected, it is interesting to note that equally big brands like Coca-Cola, Unilever, Bridgestone, Pirelli, Pepsi, Philip Morris, Nestle, McDonald’s, Mondelez, Kellogg, Citi, Marriott, and Caterpillar still continue to do business in Russia.

     

    But the situation is very fluid. In fact, as I write I have an update that Coca-Cola and McDonald’s have also decided to suspend operations.

     

    Yale School of Management is keeping a real-time track of the status. Over 300 Companies Have Withdrawn from Russia – But Some Remain | Yale School of Management

     

    So, what makes some take one stand while others take another, or do not take the same one? Does this mean that McKinsey does not support Russia while Mondelez does? Or does BP denounce war while Bridgestone does not?

     

    While the ones who have taken a call against Russia are obviously being lauded for calling out an “imperialist” like Putin, are the ones who consciously have not, being subjected to criticism and pressure to fall in line? Will they experience serious fallouts on brand image and reputation in the long run?

     

    During my internet studies on the rise of Vladimir Putin and his oligarchs over the last two decades, I came across a term called “The Moscow Rules”. Bing! I remembered reading about this in ‘Tinker, Tailor, Soldier, Spy’.

     

    The Moscow Rules is a collection of 10 one-liners supposedly used by the Soviet secret service. They are also displayed at the International Spy Museum in the US. Post-Cold War, the rules remain as per the grapevine, now being used by the oligarchs to spread their presence across the world. They go as follows…

     

    1. Assume nothing.

    2. Never go against your gut.

    3. Everyone is potentially under opposition control.

    4. Do not look back; you are never completely alone.

    5. Go with the flow, blend in.

    6. Vary your pattern and stay within your cover.

    7. Lull them into a sense of complacency.

    8. Do not harass the opposition.

    9. Pick the time and place for action.

    10. Keep your options open.

     

    The stark simplicity hits you right away. There is no fancy business school jargon. Just plain common sense. Reminds me of Confucian precepts. Or Murphy’s Laws.

     

    Each is very much applicable to the world of brands. Each is fundamental to brand strategy and nourishment. Each feels more honest and powerful over the previous one. And the obvious paradoxes are simply brilliant! Just read 7, 8 and 9 together and you will get the drift. The sequence is intuitive, clinical, and utterly brutal. It’s like Machiavelli, Sun Tzu and Kautilya rolled into a Karpov move on the chessboard. Cold, calculated and thoroughly revised and rehearsed. Yet, #10 tells you that it could all go wrong, and you need to go back to #1.

     

    In the context of the Rules, I asked myself a few questions about the strategic decisions taken by brands in the context of the invasion of Ukraine.

     

    Pulled the plug or switched off power?

    Have the brands who have shown empathy with Ukraine pulled the plug altogether or merely switched off the power supply for the time being? The list by Yale uses terms like suspended and halted. These are all temporary measures and not finite ones. Once the invasion is brought to an end, whatever the outcome, they will be back for sure. Russia may be seen as a villain today but tomorrow it will all boil down to Putin, even if he wins this round. After all, a huge market of 145 million cannot be left alone to the Chinese and locals, can it? This is just like al Chinese brands, except for Tik Tok, were back in business in India just weeks after Galwan. The pressures of the marketplace and the shareholders are just too strong to pull the plug.

     

    Out of fear or fervour?

    With no disrespect to any brand that has suspended / halted operations in Russia, the action was taken more out of fear of political reprisal at home and other key markets rather than a foundational abhorrence of all war and military aggression. If it were so, similar stands could have been taken in cases of Iraq, Syria, Yemen, Palestine, or Tibet. It is all a matter of convenience. Most brands believe in #10 when it comes to morals. They take the high ground as the situation suits them.

     

    Hypothesis or hypocrisy?

    There are brands and then there are… brands. While a lot of posturing goes around about being led by and aligned with greater purpose[s], at the end of the day it just boils down to market share and share value. Most brands will not bat an eyelid to see their weaker competition die. Most would not hold themselves back from steamrolling a market. Most would love to enjoy ‘command and control’ in the markets they operate in, at the cost of unsafe working conditions, unethical influencing tactics, use of child labour and paying off officials and systems for staying a step ahead.  And they would not mind preaching to the ‘lesser’ ones, typically local / domestic. While constantly conspiring on how to gobble them up or bleed them to capitulation.

     

    These brands have blond hair and blue eyes.

    No harm can befall them.

     

    I end my tirade with a cartoon by the Russian cartoonist Aleksey Merinov that speaks about the harsh reality and futility of war. Either with tanks or tweets!

  • Mastercard & Citi’s celebratory campaign

    By A Correspondent

     

    To celebrate the festive season, Mastercard in collaboration with Citi launched a campaign ‘Celebration To Banta Hai’ in association with Shankar Mahadevan, Rajkumar Rao and Patralekha.

     

    Said Arjun Chowdhry, Head of Credit Cards, Payments and Unsecured Lending, Citi India: “This year, the festive season was unique for all of us. We gave our customers the opportunity to make the most of what they may have missed out on, and built optimism and hope, while driving engagement with their favourite Citi cards.”

     

    Added Arnika Dixit – Head – Digital Sales & Marketing, Data & Client Experience, Citi India: “This festive season gave us the opportunity to get back some hope, some fun, and some moments to appreciate ourselves and our loved ones. The campaign was live across multiple platforms with some unique immersive experiences and it was exciting to bring this unique song exclusively for the festive season to our clients.”

     

    Said Manasi Narasimhan, Vice President, Marketing & Communications, South Asia, Mastercard: “The ongoing pandemic has affected millions of lives, yet it has failed to shake the spirits of humanity. ‘Celebration to Banta Hai’ focused on the excitement for the festive season despite the challenges that the nation and the world has seen since the outbreak of Covid-19. Even though this year there have been some restrictions due to Covid-19 protocol around festive celebrations, every small opportunity is worth celebrating. This campaign is aimed to boost the confidence of people and encourage them and be part of their celebration.”

     

     

  • Cross-media measurement, finally?!

     

    By A Correspondent

     

    The World Federaation of Advertisers has facilitated a programme to expedite the implementation of a new wave of cross-media measurement solution. This is being coordinated by global brands and leading national advertiser associations (which includes the Indian Society of Advertisers, and with involvement from partners from across the ecosystem.

    According to a report on the WFA website, the proposal was developed in partnership with digital platforms, including Facebook and Google, and will now be tested by the UK and US, with ISBA and the ANA respectively leading local efforts.

    The business case for improved cross media measurement is clear:

    :: Separate measurement systems preclude an understanding of true Reach and Frequency. This means there are considerable amounts of impressions bought which are driving diminishing or even negative value to advertisers. There is scope to prevent the wastage of billions of dollarsthrough better measurement which, in turn, improves ROI;

    :: Equally, an improved consumer experiencecan be delivered through avoiding the excessive ad frequencies which some have been exposed to. This is critical to avoid an apathetic (or outright hostile), reception towards advertising from our audiences;

    :: Lastly, improved measurement enables the sell-side to better value their inventoryto attract ad spending;

     

    Notes a communique: “The barriers to delivering better solutions worldwide are more political and commercial than technological. Our approach to break the deadlock has been to start with the advertiser. We believe that most progress can be made, and consensus arrived at, when the industry aligns around advertiser needs, as documented in the Industry Framework, Establishing Principles For A New Approach To Cross-Media Measurement.” Adding: “This has involved cross-industry consultation with advertisers, agencies, broadcasters, measurement companies and platforms. The goal has been to create a catalyst for local development of new solutions.”

    Adds the report on the WFA website:

    Alongside the Framework, the WFA is also publishing a real-world Technical Proposal for a cross-media measurement solution, which meets the principles outlined in the Framework, including on transparency, neutrality and auditing.

    This has been developed in partnership with digital platforms and shared and discussed extensively with the industry. It utilises a panel and census approach (via publisher logs) to give advertisers far greater understanding of the Reach and Frequency of their campaigns across TV and digital media (including both video and other formats).

    The Proposal leverages a Virtual ID (VID) and differential privacy methods to preserve privacy while preventing double-counting of impressions across media. In delivering improved cross-media frequency control, consumers will also benefit by not being unintentionally targeted by the same ad across different media channels, potentially addressing one of the key motivators behind ad blocking.

    Critically, the Proposal acknowledges that measurement is a local business and requires considerable local governance alongside the need for some global (or ‘common’) components to drive consistency and scale. Any aspects of the proposal that require bespoke technology will be open sourced.

    It has been tested via an international open comment and peer review exercise earlier this summer, organised by the WFA and involving several hundreds of the industry’s most prominent measurement professionals. This has allowed the wider industry to fully scrutinise, challenge and change the Proposal.

    The baton has been passed on to national advertiser associations, and ISBA’s cross-media measurement group, ‘Origin’, and the ANA will now independently explore how the components in the Proposal can be adapted to suit local stakeholder needs, ahead of implementation in their respective markets. Validation efforts will place particular care and focus on how TV data will be integrated with digital data within the Proposal. Both initiatives will focus on ensuring the priorities of advertisers are met while also taking an approach that reflects the needs of broadcasters as well as the changing digital media landscape.

    Several other markets and organisations are also looking closely at the components in the Proposal, with a view to possible implementation on the back of the US and UK work.

    This announcement reflects nearly 18 months’ work, which was prompted by the WFA’s Global Media Board, comprising 14 key advertisers and associations. Measurement is a key priority for advertisers and the WFA is committed to providing an ongoing platform to share learnings and to develop the ideas and concepts outlined in both the Industry Framework and the Technical Proposal.

    This approach has been supported by the whole WFA membership but the initiative has been steered by several prominent advertisers and advertiser associations, including ACA (Canada), ANA (US), ISBA (UK), Union des Marques (FR), OWM (DE), Deutsche Telekom, Mars, Mastercard, Nestlé, PepsiCo, Procter & Gamble, The Coca-Cola Company, Unilever and others. The Media Rating Council (MRC) has also been involved in this work throughout.

    “Advertisers have long struggled with poor quality data that doesn’t allow them to properly assess how best to invest their ad budgets across multiple platforms and media. This body of work provides a blueprint to build a cross-media measurement solution that responds to advertiser needs. The WFA is proud to have facilitated this work in partnership with key markets, platforms and broadcasters and looks forward to seeing it widely implemented across geographies,” said Stephan Loerke, CEO of the WFA.

    “Cross-media measurement is viewed as the ‘holy grail’ for marketers – as it optimizes marketing decision making for driving business and brand growth. ANA has championed measurement development that is viewed through the lens of the marketer for several years. This collaboration with WFA, ISBA and other partners has been galvanizing as it provides the foundation to build local solutions to this highly complex issue. The ANA has been proud to participate in this global venture,” said Bob Liodice, President and CEO of ANA.

    “For some time ISBA’s members have made the development of independent, accountable cross-media measurement our highest priority. The articulation of a clear advertiser-driven ‘North Star’ and a strong framework of global principles are significant milestones. We look forward to working in partnership to validate the proposed technical approach and to developing a UK solution that leverages the global blueprint,” said Phil Smith, Director General of ISBA.

    “Procter & Gamble has been a proponent of media audience research since the earliest days of broadcast media and is proud to be at the forefront of this breakthrough initiative in partnership with digital platforms, television broadcasters and other major advertisers. We need complete, open, transparent and future-proofed cross media measurement to enable consumers to have a better viewing experience with less annoying repetition, advertisers to be confident that their media budgets are being invested effectively and efficiently, and media companies to be rewarded for delivering high levels of reach and engagement. This is mission-critical, the time is now, we know it won’t be easy, but there has never been a stronger plan, and we need everybody to join in to make it happen.” said Kanishka Das, Senior Director, Global Media Analytics & Insights at Procter & Gamble.

    “Since early 2019 Unilever has championed cross-media measurement, with the aim of delivering greater transparency as part of our Responsibility Framework. The business case is clear, broadcasters and platforms alike can better value their inventory to attract ad spending, while delivering stronger outcomes for advertisers and driving greater effectiveness of spend. But cross-media measurement potentially has a more profound impact than this for our consumers. By driving transparency across all platforms to better understand levels of engagement holistically, it enables improved ad relevance and reduces excessive frequency, ultimately providing a better consumer experience. This programme, from its guiding principles led by Unilever’s Responsibility Framework to the technical blueprint produced by the WFA, ISBA, ANA and a diverse collection of advertisers, is a critical step towards providing more accountable, transparent and accurate media measurement for all parties,” said Sarah Mansfield, VP Global Media, Unilever.

    “The process of developing cross-media measurement solutions has been a long journey.  The development of a solution is complex and requires careful planning. There are many challenges that we face; many of these are not technical but instead breaking down barriers that have been established by decades of legacy ways of working. To solve this, we need to think and collaborate across boundaries. We have worked hard to establish a solid start with this Framework and Technical Proposal, and we believe this provides a solid starting point.  In each geography, a lot of work needs to be done to bring it to life in each country. Marketers steadfastly believe that developing this solution is a critical element in the ability to improve the consumer experience and help the industry operate more productively.  We urge our partners in the industry to understand this goal, the benefits of this initiative, and work collaboratively to drive success of this program and all our businesses,” said Ben Jankowski, Senior Vice President, Media, Mastercard.

    “Cross-media measurement is a global topic that needs to be answered locally, as every region has different starting positions and demands. I rate it as a great success by the WFA to develop a technical proposal that has the potential to be adopted around the globe and enrich independent local measurement eco-systems,” said Norman Wagner, Head of Group Media, Deutsche Telekom.

     

     

  • Indian consumers shift to Digital Commerce, show no signs of slowing down

     

     

    By A Correspondent

     

    Consumers in India and across Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a shift that looks set to become a permanent habit after the pandemic passes, Mastercard research shows.

     

    E-commerce and contactless payments continue to grow in popularity as people make the move to digital by default and we reduce our use of cash, according to an ongoing study by Mastercard in multiple markets around the world that analyses the impact of current and future consumer behavior. Shopping in India has also shifted to online as 86% of people feel that hygiene concerns are here to stay.

     

    Indian insights show a rapid shift in preferences:

    E-commerce is on the rise with 49% of Indians planning to make more purchases online

    At the same time, 68% of Indian consumers think less in-store shopping is here to stay – the highest recorded across the markets surveyed

    In Asia Pacific, 46% of consumers say they plan to use cash less often, including 49% in India

     

    A large majority in India (77%) believe the shift to contactless payments is here to stay Said Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard: “Our shift to digital commerce is here to stay as people embrace the benefits of safety, security and convenience. Consumers now want on-demand products and services – whether it’s food delivery, groceries, fitness courses, telemedicine, conferencing, learning or entertainment. This demand and these expectations will continue to drive e-commerce long after COVID-19 subsides,” adding: “As communities and economies emerge from the pandemic, the new consumer mindset sends a clear signal to merchants of all shapes and sizes that online shopping and touch-free transactions are essential to building the business and ensuring customer loyalty now and in the future.”

     

     

  • Mastercard launches new sonic brand identity

    By A Correspondent

     

    Mastercard has launched a new sonic brand identity. This comes on the heels of the company’s transition to a symbol brand and is part of its continued brand transformation.

     

    Said Raja Rajamannar, chief marketing and communications officer, Mastercard: “Sound adds a powerful new dimension to our brand identity and a critical component to how people recognize Mastercard today and in the future/ We set out an ambitious goal to produce the Mastercard melody in a way that’s distinct and authentic, yet adaptable globally and across genres.  It is important that our sonic brand not only reinforces our presence, but also resonates seamlessly around the world.”

     

     

  • Will MasterCard’s new logo work for the Brand?

     

    By Bindu Balakrishnan

     

    MasterCard announced recently that it’s dropping its name from the logo where it has resided for more than half a century. This means that the brand will now be represented by two interlocking red and yellow circles, known as the MasterCard Symbol.  This change is an indicator that the company is moving its branding strategy to prepare for a world which will be card-less and digital payments will rule the roost.  As MasterCard says in its press release, “the MasterCard Symbol represents MasterCard better than one word ever could, and the flexible modern design will allow it to work seamlessly across the digital landscape”.

     

    With removing its name from its logo, MasterCard joins the likes of Apple, Target, Nike etc.  Apple and Target have logos which are not abstract and represent their names, so it’s easy to make the connection for the consumer. With a logo like MasterCard’s, which is two overlapping circles, it might not be that easy as circles of various colours are widely used in logos and brandings.

     

    Is this change going to be positive for the brand and how is it going to be perceived in India and the rest of the world? Though MasterCard’s business model has been to drive its sales exclusively via its partners, it has always directed its communication and advertising to the end consumer. In the western world like Europe, media clutter is much lower than what we see in India, be it TV, print or OOH. There the impact of the logo change might not be that high as the audience will still be able to distinguish and identify the two interlocking circles as the MasterCard logo. But in a country like India where we are constantly bombarded by advertising from different brands and the use of OOH advertising is widespread, the logo without the name might get lost in the clutter. Their latest brand ambassador M.S Dhoni who also endorses many other products and services, would also not lend much of a brand recognition if seen with this new logo without a name. MasterCard will have to spend aggressively to reinstate its new identity in the minds of the consumer.

     

    While the logo change and puling the name out of the interlocking circles does lend benefits looking at the long-term strategy of MasterCard and its move towards a card-less world, only time will tell if it was the right strategy in terms of brand recognition. The yea-sayers and nay-sayers are closely watching.

     

    Late in Catching the Bus

     

    MasterCard is one of the established name in the minds of the consumers, especially with their iconic communication “…. For everything else, there’s MasterCard”. The mobile wallets made a big push in the post demonetization period and established its name in the hearts and minds of the common man. The wallet brands capitalised on the gap left behind by demonetization and almost became a necessity for survival. But MasterCard missed that opportunity and failed to capture the mind share of the Indians in the Tier 2 cities, limiting itself to an urban phenomenon. All the associations are still limited to the debit and credit cards one is offered from different banks, where you see a mention of MasterCard in one corner.

     

    Currently, India has under gone multiple changes, be it demonetisation, cashless India, Make in India or Digital India.  These initiatives have pushed India towards a digital ecosystem, which the likes of PayTM, Mobikwik etc successfully leveraged to be the market leaders. Post demonetisation in 2016, when there was a dearth in physical cash, these companies went on an aggressive marketing mode and reflected the urgency. They were everywhere; on TV, Print, Radio, OOH…they just took over. Further to that, these companies used the so-called feet on the wheels, where the sales team went door to door to sign on merchants to be part of their payment gateway. All this and we hardly saw any noticeable push from MasterCard at this time. So, it definitely looks like MasterCard missed that bus.

     

    MasterCard Advertising Needs to Work Twice as Hard

     

    MasterCard seems to have realised very late in the game the enormity of the government initiative in making Digital India a reality and the impact it would have on the financial ecosystem.  In some ways, it also underestimated the consumer acceptability of e-wallet, payment gateways etc. The combined factors of wider acceptability of e-com, increased smartphone penetration, digital acceptability and better and cheaper network connectivity has revolutionised the fintech space in the past couple of years. It has eased the life of consumers, who see it as a welcome change where their dependency on the middle man is gone and making them feel even more empowered. Though Dhoni is one of the stalwarts of Indian cricket, who is accepted not only by masses but also by classes, this most bankable icon is also endorsing other brands simultaneously. Hence the advertising will have to work much harder to capture the mindshare of Indians and his clear association to MasterCard to make the campaign effective.

     

    MasterCard has always been relevant to the cultural and consumer truth of India and its choice of Dhoni as its brand ambassador reflects exactly that. Dhoni with his clean image  connects well in the minds of consumers, across age groups and classes. Having said that, MasterCard is still seen as B2B partner. With the latest logo change, it will have to up the ante with aggressive marketing and high investments on different media touchpoints, to win the minds of the consumer and establish itself as a partner of choice.

     

    Long Standing Legacy

     

    The biggest advantage MasterCard has is its decades of impeccable legacy and its name as a well-trusted international brand.  It has an immense network behind it, being the preferred partner with many credible national and international banks in India and elsewhere.   Additionally, the digital payment platforms cannot work independently and are linked to credit cards like MasterCard and the banks themselves, to facilitate payments on e-commerce portals, e-payments, E-bills etc. Here, Master Card definitely has an upper edge over the digital payment players.

     

     

    Bindu Balakrishnan is Country Head, DCMN India. The views here are personal

     

  • Mastercard uses #KhulGayiLife to promote use of debit card for everyday payments

     

     

    Mastercard has launched ‘KhulGayiLife’, its latest campaign aimed at accelerating the country’s ongoing shift from cash to digital payments. The new campaign that’s created by McCann will further strengthen the company’s digital payments efforts in the metros with an increased focus on the Tier 2 and 3 cities.

     

    Commenting on the launch of #KhulGayiLife, Manasi Narasimhan Vice-President, Marketing and Communications said: “Mastercard has always been at the forefront of creating a trusted payment gateway and is leading the effort to build a digitally empowered socio-economic ecosystem. We have been supporting the Indian government’s agenda of establishing India as a cashless society through our technology solutions, partnerships and investments in the country. To further accelerate the acceptance of digital payments, we have launched #KhulGayiLife, our latest marketing campaign. Through this, we aim to reach out to consumers across metros and Tier 2 and Tier 3 cities over the next few months. We are confident that this campaign will bring forth the true potential of digital payments thus establishing Debit Cards as a safe and secure payment option.”

     

     

  • Manasi Narasimhan joins Mastercard as VP, Marketing & Comms

    By A Correspondent

     

    Manasi Narasimhan

    After Visa, Mastercard too has a new marketing head with the appointment of Manasi Narasimhan as Vice-President, Marketing and Communications.

     

    Said Porus Singh, Country Corporate Office, India and Division President, South Asia at Mastercard:“Manasi brings a wealth of consumer marketing experience to Mastercard, and I am pleased to announce her appointment as head of Marketing and Communications in South Asia. Given her extensive experience and stellar track record in leading transformational campaigns, Manasi is well-placed to drive the growth of the Mastercard brand.

     

    Narasimhan joins from Godrej Industries where she served as the Vice President, Strategic Marketing Group for Godrej Industries for over four years.