Payment solutions provider Mastercard is looking at India as a global technology hub for product development as it plans to increase headcount to 1,500 by the end of the year. The company’s Bengaluru and Pune centres currently have 1,000 employees which is about 10% of its global workforce.
“What we basically now have in India is an end-to-end payment technology processing and development capability across the entire value chain. That’s a significant shift in what we have traditionally done in India,” said Ari Sarker, division president (South Asia) and country corporate officer for India at Mastercard, on Wednesday. “All those capabilities are available for Indian customers, banks as well as non-bank entities, who will be payment banks and others who will come in, and we are also using India as a global technology hub. So lots of product development is going to happen from the India centre supporting global initiatives,” he said.
