Mastercard Unveils New Technology Hub in Pune

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Mastercard Unveils State-of-the-Art Tech Hub in Pune: A Leap Towards Global Technological Advancement

In a significant move to bolster its technological capabilities and support its growth in India, Mastercard has announced the opening of a new, state-of-the-art Tech Hub in Pune. This ambitious project, which spans nearly half a million square meters, is the latest addition to Mastercard’s global Tech Hub ecosystem, which already includes prominent locations such as Arlington, Dublin, New York, St. Louis, Sydney, and Vancouver. The Pune Tech Hub is poised to play a crucial role in advancing Mastercard’s technology on a global scale while reinforcing the company’s commitment to the Indian market.

A Hub of Innovation and Expertise

Located at the Bluegrass Business Park in Yerwada, Pune, the new Tech Hub is set to house over 6,000 technologists, engineers, and experts from a diverse range of disciplines. This includes professionals specializing in software development, finance, data architecture, cybersecurity, and more. With this workforce, the Pune Tech Hub will become Mastercard’s largest concentration of employees in a single city worldwide.

The establishment of this facility marks a significant expansion of Mastercard’s presence in India, complementing its existing offices in Gurugram, Mumbai, Hyderabad, Bengaluru, and Vadodara. Since the inception of its first India Tech Hub in Pune in 2014, Mastercard has witnessed exponential growth, evolving from a small team to a vital player in the company’s global operations.

Supporting Global Operations and Local Initiatives

The Pune Tech Hub is not just a local office; it plays an integral role in supporting Mastercard’s global operations, particularly in areas such as payment safety, cybersecurity, fraud detection, and digital identity. The new campus will enhance Mastercard’s ability to deliver innovative technological solutions tailored to both global and domestic markets.

One of the key initiatives spearheaded by the Pune workforce is the financial inclusion platform, Community Pass. This platform aims to provide access to essential services for underserved communities. Additionally, the Tech Hub has been instrumental in the global pilot launch of the Payment Passkey Service in India, which integrates biometrics and tokenization for secure online transactions. Furthermore, the Pune team serves as an authorized Authentication Service Agency, enabling banking and government partners to offer Aadhaar-based services and benefits.

Aligning with India’s Vision for the Future

Mastercard’s new campus aligns with the Indian government’s “Viksit Bharat” vision, which aims to transform India into a fully developed, technologically advanced economy by 2047—the centenary of the country’s independence. By investing in cutting-edge technology and fostering local talent, Mastercard is contributing to the realization of this ambitious goal.

Ed McLaughlin, President & Chief Technology Officer at Mastercard, expressed enthusiasm about the new Tech Hub, stating, “We are thrilled to open the doors to our new Tech Hub in Pune, which will play a pivotal part in Mastercard’s global technology strategy. As one of the key nodes for our technology operations worldwide, 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.”

A Commitment to Growth and Collaboration

Gautam Aggarwal, Division President for South Asia at Mastercard, emphasized the strategic importance of India for the company. He noted, “India remains a strategic location for Mastercard, where we are deeply committed to investing in technologies that help the digital economy work all across the continent. Our newest Tech Hub in Pune marks a significant milestone, demonstrating Mastercard’s focus on growth in this market.”

At the Pune Tech Hub, Mastercard employees will collaborate to tackle some of the most complex technological challenges facing the world today. The facility aims to deepen collaboration between Mastercard’s global teams and the vibrant Indian technology ecosystem, ensuring the reliability of critical infrastructure for secure, seamless, and efficient payments worldwide.

Conclusion

Mastercard’s new Tech Hub in Pune represents a significant investment in both the company’s global technology strategy and India’s burgeoning digital economy. By harnessing local talent and fostering innovation, Mastercard is not only enhancing its operational capabilities but also contributing to the broader vision of a technologically advanced India. As the company continues to expand its footprint in the region, the Pune Tech Hub is set to become a cornerstone of Mastercard’s efforts to drive technological advancements and empower communities across the globe.

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