US-based Mastercard, a multinational payment card services corporation, has opened a new Tech Hub in Pune, India to drive growth and advance the company’s global capabilities. This facility will further expand Mastercard’s footprint in India, where it already has offices in Gurugram, Mumbai, Hyderabad, Bengaluru, and Vadodara.
Located at Bluegrass Business Park, Yerwada, Pune, the new hub spans nearly half a million square meters and will house more than 6,000 professionals, including technologists, engineers, and specialists in different disciplines, including software development, data architecture, finance, and cyber security. It aims to support Mastercard’s technology advancements globally while reinforcing the company’s commitment to India’s digital growth and development.
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By GlobalDataAccording to Ed McLaughlin, Mastercard’s president and chief technology officer, “the new Pune Tech Hub will collaborate with other hubs around the world to build the revolutionary technologies that shape our world, powering economies to make everyday life happen.”
He added that the new development was a “testament to Mastercard’s enduring commitment to empowering India, furthering its digital ambitions, and nurturing the immense talent in the country.”
Mastercard launched operations in Pune in 2014 which have since focused on digital identification, fraud detection, cybersecurity and payment safety. The new campus will enhance the company’s capacity to deliver technological solutions for India’s domestic market. Some key initiatives include the financial inclusion platform Community Pass and a biometric tokenization system for secure online checkouts called Payment Passkey Service. The company is also an authorized Authentication Service Agency, allowing banking and government partners to offer Aadhaar-based services and benefits.
Gautam Aggarwal, Mastercard’s South Asia division president, said India was “strategically important” for the company and that the “Pune Tech Hub is a significant milestone in our growth strategy and further support for the government’s digitization efforts.”
The new location is intended to strengthen collaboration between India’s thriving tech sector and Mastercard’s international staff.
