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Mastercard’s Opens New Tech Hub In Pune

Mastercard’s Opens New Tech Hub In Pune

BY Realty Plus
Published - Wednesday, 16 Oct, 2024
Mastercard’s Opens New Tech Hub In Pune

Mastercard announced the inauguration of a new, state-of-the-art Tech Hub in Pune, which will support the company's growth in India and play a crucial role in advancing its technology on a global scale. Spread over nearly half a million square meters, the campus in Pune is the latest addition to Mastercard’s global Tech Hub ecosystem which spans seven locations, including Arlington, Dublin, New York, Pune, St. Louis, Sydney and Vancouver.

Located at Bluegrass Business Park in Yerwada, Pune, the Tech Hub will house over 6,000 technologists, engineers and experts from diverse backgrounds and disciplines, ranging from software development to finance, data architecture to cybersecurity and beyond, making it Mastercard’s largest workforce in a single city, globally.

With an established presence in India for over four decades, today, Mastercard operates at the center of a thriving payments ecosystem that makes commerce in the country smarter, safer, and more inclusive. In 2014, Mastercard established its first India Tech Hub in Pune, starting with a small workforce which has grown manifold over the past decade, demonstrating the company’s substantial investment in the local workforce and economy. Today, the Pune Tech Hub plays a crucial role in supporting Mastercard’s vital global operations across payment safety, cybersecurity, fraud detection, and digital identity.

The launch of Mastercard’s new campus will support several goals within the government’s “Viksit Bharat” vision, which seeks to transform India into a fully developed, technologically advanced economy by 2047—the 100th anniversary of the country’s independence. Already, the Pune workforce has been supporting the way in delivering technological solutions for India’s domestic market. Key initiatives include the financial inclusion platform Community Pass, the global pilot launch of the Payment Passkey Service in India which integrates biometrics and tokenization for secure online checkout, and its role as an authorized Authentication Service Agency, enabling banking and government partners to offer Aadhaar-based services and benefits.

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

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