Pratik Khowala

CEO

Purchase, New York, United States27 yrs experience

Most Likely To SwitchHighly Stable

Key Highlights

Led Mastercard's global money movement transformation.
Oversaw seamless transfers across 180 countries.
Achieved 30% expense savings with minimal disruption.

Stackforce AI infers this person is a Fintech executive with extensive experience in financial strategy and leadership.

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Skills

Core Skills

LeadershipFinancial AnalysisFinancial GovernanceStrategic ManagementStrategic PlanningFinancial PlanningAnalysisFinancial StrategyFinancial OversightStrategic LeadershipFinancial ManagementReporting

Other Skills

Finance TransformationChange ManagementCommercial

About

As Global Head of Transfer Solutions, I lead Mastercard’s efforts to transform global money movement and bill payments. My team drives innovation that enables people and businesses to move funds quickly and securely, both domestically and internationally. I oversee Mastercard Move, facilitating seamless money transfers across 180 countries and 150+ currencies, covering over 95% of the world’s banked population. I also manage Global Bill Pay, offering efficient solutions for businesses and consumers to pay and get paid. Previously, I have over 25 years as CFO in driving growth, turn-arounds, and transformations for businesses in sectors such as payments, banking and IT services, using skills in strategy, execution, financial governance, and change management.

Experience

27 yrs

Total Experience

4 yrs 6 mos

Average Tenure

15 yrs 7 mos

Current Experience

Mastercard

5 roles

Executive Vice President, Global Head of Transfer Solutions, Mastercard

Promoted

Jan 2025 – Present · 1 yr 3 mos

As Global Head of Transfer Solutions, I manage Mastercard Move and Global Bill Pay businesses, overseeing product, sales, engineering, and business development.
Mastercard Move powers a variety of payment experiences, from remittances and disbursements to business payments. Mastercard Move reaches nearly 10 billion endpoints and more than 95% of the world’s banked population.
Mastercard’s Global Bill Pay provides businesses and consumers with fast and efficient ways to pay and get paid.

Financial AnalysisFinance TransformationLeadershipChange ManagementCommercial

CFO - Consumer Payments, Commercial and New Payment Flows

Oct 2021 – Jan 2025 · 3 yrs 3 mos

As CFO for Consumer Payments, Commercial and New Payments flows (which includes businesses across Consumer payments, Digital innovation, Real time payment, Commercial B2B, SMB, Open banking, Crypto & Blockchain, I am responsible for
Managing over $15Bn of revenue across the businesses
Managing all aspects of Strategic & Financial aspects including FP&A, Controllership, risk management, M&A and others
Commercialization of products including building the pricing framework and go to market plans
Support business in communication of Strategy and execution to the Board and investors
Spearheading acquisition and integration of multiple assets and execution of business synergies
Developing and implementing framework for prioritization/rationalization of expenses resulting in redeployment/savings of about thirty (30) percent of expenses with minimal disruption

Financial GovernanceStrategic Management

Executive Vice President, Global Head of Financial Planning and Analysis

Promoted

Apr 2018 – Sep 2021 · 3 yrs 5 mos

As Head of Corporate financial planning and analysis and CFO for all global support functions , I am responsible for
Strategic planning & resource allocation, budgeting & forecasting
Modernizing the finance infrastructure
Building the story for communication to the investors
Board presentation for the overall company financial strategy and budget

Strategic PlanningFinancial Analysis

Group Head, Corporate Financial Planning & Analysis

Oct 2015 – Apr 2018 · 2 yrs 6 mos

Group Head, Financial planning & Analysis

Financial PlanningAnalysis

CFO, Middle East and Africa

Jul 2010 – Sep 2015 · 5 yrs 2 mos

Overall financial & strategy oversight for Mastercard Middle East and Africa with its head office in Dubai
Established leading Finance organization and attracting top global talent. Led a multi-skilled Finance organization.
Guided aggressive growth measures, and maximized top-line and bottom-line growth to deliver superior returns across businesses

Financial StrategyLeadership

Barclays

BP&A head Retail and Commercial Emerging Markets

Jun 2007 – Aug 2010 · 3 yrs 2 mos · Dubai, UAE

Determine the strategic and short term objectives, prepared detailed plan and enabled execution.
Driven focus to maximize return on Capital rather than just focusing on Net Profit.
Managed along with Treasury the development and implementation of transfer pricing
Successfully completed the evaluation, acquisition and integration of two banks across Central Europe and Asia, plus managed organic entry into two markets.
Prepared and managed input for the region to Barclays Corporate result announcement.

Financial OversightStrategic Leadership

Citibank, consumer bank, asia pacific

BP&A Head Retail

Apr 2005 – Jun 2007 · 2 yrs 2 mos · Singapore

Partnered with Retail Banking CFO and Product Heads to forecast the business targets for 13 countries, with customer footings of $120Bn
Standardized reporting practices across the region for MIS.
Reviewed the accounting policies followed across the region, identified gaps vis-à-vis GAAP covenants and ensured correction.

Strategic PlanningFinancial Management