First Data provides processing service for Kotak Mahindra’s new lending portfolio

E-commerce and e-payment services provider First Data has signed a card processing agreement with Indian financial services group Kotak Mahindra. Under the five-year agreement, First Data will provide processing services for Kotak’s portfolio, supporting the launch of a new credit card and loan portfolio. First Data will use its VisionPlus processing platform in its work for Kotak. Client service support will be provided locally from First Data’s offices in Mumbai.