A similar deal was struck with Nagad this year. "This year has been exceptional, and Mastercard is thankful for the partnership and commitment demonstrated by all stakeholders to achieving uninterrupted commerce, even during the months of lockdown," Singh said. Mastercard remains committed to its partners and will continue to work in collaboration with them and other local stakeholders to create a safe, secure and seamless payments ecosystem in the country, he added. Vikas Varma, chief operating officer of Mastercard South Asia, was also present at the virtual ceremony as well as senior officials from partner banks and financial institutions.