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MasterCard to sponsor IPL team

Credit card major, MasterCard, has agreed to sponsor Indian Premier League team, the Mumbai Indians.

Under the deal, MasterCard will be the team’s founding sponsor. The company will also run a Priceless Catch Contest, in which spectators who make a clean catch from a six hit ball during home games will win a cricket ball signed by Sachin Tendulkar.

MasterCard Worldwide General Manager, South Asia, Nitin Gupta, said: "It gives me immense pleasure to announce MasterCard as the preferred Card and founding sponsor of the Mumbai Indians team.

"Over the last 25 years MasterCard has committed itself to accelerating business in India through fuelling economic connections that drive real value for commercial development at a global and local level. The sponsorship further strengthens the connections that MasterCard has with the people of India in the country and abroad as well as with cricket lovers around the world".

MasterCard is celebrating its twenty-fifth anniversary this year.