Mastercard unveils new Tech Hub in India to fuel company’s growth

By Gloria Mathias

Mastercard has announced the inauguration of a new Tech Hub in Pune. The hub will support the company’s growth in India and play a crucial role in advancing its technology on a global scale.

The Pune campus is the latest addition to Mastercard’s global Tech Hub ecosystem, which spans seven locations: 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. This will make it Mastercard’s largest workforce in a single city globally.

Ed McLaughlin, President & CTO of Mastercard, said, “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. It also serves as a testament to Mastercard’s enduring commitment to empowering India, furthering its digital ambitions, and nurturing the immense talent in the country.”

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. Key initiatives include the financial inclusion platform Community Pass, the global pilot launch of the Payment Passkey Service in India, which integrates biometrics and tokenisation for secure online checkout, and its role as an authorised authentication service agency, enabling banking and government partners to offer Aadhaar-based services and benefits.

Gautam Aggarwal, division president, South Asia, Mastercard, shared, “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.”