TIL Desk/Business/New Delhi/ Global payments company Mastercard has planned to invest nearly $1 billion in India over the next five years towards the development of new technologies and products. “The proposed investment will be made over a period of five years in our India operations, which includes an R&D facility at Pune and another centre at Vadodara,” Mastercard vice president (customer delivery) Amitabh Khanna.
He added that both of these facilities catered to the company’s global operations, of which Vadodara provided the backend multiple payments support. He said the company was looking to expanding the Pune centre. Khanna noted that Mastercard, as a technology driven global entity, was keen to evolve by offering more customer centric and value added services using the digital platform.
Besides, the company is also working closely with technology and financial startups in the country by focusing on the innovation and digital payments matrices under its flagship ‘Start Path’ programme, he added. Meanwhile, Mastercard has launched its ‘Team Cashless India’ programme to engage with merchants and consumers across the country to create awareness about the benefits of digital payments and grow the acceptance infrastructure.
