People Digest: Mastercard names Vietnam country manager; Boustead ropes in new MD

Ms Winnie Wong, Country Manager for Vietnam

US-based payments giant Mastercard Inc has named Winnie Wong as its country manager for Vietnam while Malaysian conglomerate Boustead Holdings Bhd has named Datuk Seri Amrin Awaluddin as its managing director.

Mastercard appoints new country manager for Vietnam

US-based payments giant Mastercard Inc has named Winnie Wong as its country manager for Vietnam, according to an announcement.

In her new role, Wong will support Mastercard’s expansion into digital payments in Vietnam and will play a key role in engaging with regulators and stakeholders to support the Vietnamese government’s plan to reduce cash payments to less than 10 per cent by 2020.

Based in Ho Chi Minh City, Wong carries with her over 15 years of experience in commercial payments solutions.

She joined Mastercard in Singapore in 2013 where she has worked with governments and corporations to spearhead the adoption of B2B platforms to help improve the efficiency and transparency of cross-border trade in Asia-Pacific.

“Cashless payments on smartphones are growing at an incredible rate, and this is rapidly changing the way consumers make transactions. By providing an ecosystem for safe and secure payments, Mastercard will enable Vietnam’s businesses and consumers to seize the benefits and convenience of going cashless,” she said.

Recently, the US-based payments giant entered into an agreement to acquire Dubai-headquartered cross-border payment company Transfast. The transaction is expected to complete by second half of 2019.

Boustead Holdings appoints new managing director

Malaysian conglomerate Boustead Holdings Bhd, owned by the Malaysian Armed Forces Fund Board (LTAT), has named Datuk Seri Amrin Awaluddin as managing director, with effect from 6 May 2019, it said in a filing with Bursa Malaysia on Friday.

Awaluddin joins Boustead Holdings from Sime Darby Property Bhd wherein he was Group managing director. Earlier,  DEALSTREETASIA reported that the property developer had announced on May 3 that Awaluddin would step down.

Prior to joining Sime Darby Property Bhd, Awaluddin was Group managing director at digital media services provider Media Prima Berhad. From April 2008 to September 2009 he was CEO of Sistem Televisyen Malaysia Berhad.

Boustead Holdings Berhad is engaged in the sectors of property, plantation, pharmaceutical, heavy industries, finance and investment, and trading and industrial business in Malaysia.

The company recently was in news for reportedly selling Royale Chulan Bukit Bintang worth RM197 million ($48.2 million) to Singapore-based Hotel Royal Ltd.

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