According to FF News, Mastercard made the decision to open the new Tech Hub in order to further its strategic objective of strengthening its worldwide technology capabilities while assisting India's digital transformation.

Mastercard is making investments in the future of its worldwide operations as well as the future of the Indian economy by increasing its personnel and fortifying its technological infrastructure in India.

Leading the way in payments technology worldwide, Mastercard offers safe and easy payment processing in 210 nations and territories.

The company's cutting-edge solutions provide smarter, safer, and more inclusive commerce by serving financial institutions, retailers, governments, and consumers.

With more than 6,000 technicians, engineers, and specialists based there, the new Pune Tech Hub will have Mastercard's largest workforce in one location. As a vital node in the company's worldwide Tech Hub network, the hub will assist activities pertaining to digital identification, fraud detection, cybersecurity, and payment security on a global scale.

The building is set up to promote creativity and teamwork. Cutting-edge characteristics include things like:

• In keeping with Mastercard's dedication to sustainability, TRUE Platinum accreditation for the construction industry
• ergonomic workstations and collaborative spaces powered by technology
• Facilities for relaxation and amusement, such as a café, games room, and gym
• design components with a nod to Indian culture and nature

The new campus supports the government's objective of making India a fully developed, technologically sophisticated economy by 2047 and is in line with the "Viksit Bharat" vision. Programs like Payment Passkey and Community Pass have already demonstrated Mastercard's dedication to India's digital goals.

"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," stated Ed McLaughlin, president and chief technology officer of Mastercard. The new Pune Tech Hub, one of the main hubs for our global technology operations, will work with other hubs to develop the cutting-edge technologies that reshape our world and drive economies to enable daily living. It also demonstrates Mastercard's unwavering dedication to enabling India, advancing its digital goals, and developing the vast talent in the nation.

"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," said Gautam Aggarwal, division president, Mastercard, South Asia. Mastercard's emphasis on market expansion is evident in the opening of our newest Tech Hub in Pune, which represents a noteworthy achievement. We are excited to continue working with our esteemed partners in the area to meet the Government of India's ambitious digitalization targets, with a robust workforce in India advancing worldwide technical advancements.

With the opening of its Pune Tech Hub, Mastercard will strengthen its position in India, where it currently has locations in Bengaluru, Hyderabad, Gurugram, Mumbai, and Vadodara.