Pune Tech Hub augments Mastercard’s growing presence in India which spans offices in Gurugram, Mumbai, Hyderabad, Bengaluru and Vadodara
Mastercard has inaugurated a new 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, the company said. 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 that 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.
Ed McLaughlin, President & Chief Technology Officer, 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—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.
Gautam Aggarwal, Division President, South Asia, Mastercard, said: “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. With a strong team in India supporting global technological breakthroughs, we look forward to building on the work to achieve the Government of India’s ambitious digitization goals, alongside our valued partners in the region.”
