Nayak was previously the country manager of India. He succeeds Santanu Mukherjee, who was recently appointed Visa’s Regional Head of Innovation and Technology and is now based in Singapore.
David Lee, Regional President, Asia Pacific region, Visa said, “With a growing middle class numbering in hundreds of millions, South Asia presents a unique environment and opportunity for the electronic payments industry. Some opportunities will come from South Asia being a hub for innovation and technology development for Visa that already includes products such as Visa Bill Pay, mobile payments and Visa Prepaid.”
“Uttam has been instrumental in the growth of the business in India having been with the company for the last 13 years, and we believe his deep experience and expertise will help him drive business growth for Visa in the South Asia region.”
An electronics engineer by education, Nayak joined Visa in 1996 from the US Department of Energy. During his time at Visa he has held several key roles in functions including business development, product development and innovation, technology and security and client relationships. Uttam also played a key role in the development and introduction of products such as Visa Debit and Visa Prepaid in India that have driven growth in the region.
About Visa Inc.: Visa Inc. operates the world’s largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world’s largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.