US card and payments giant MasterCard has expanded its R&D presence in India by opening a new technology centre in Pune.
By the end of the year, this will take its total number of employees in the country up to 1,500.
The centre will develop new payment technologies for international application and will also help to roll out MasterCard’s mobile payment system in April.
“There is a lot of momentum in India in the digital payments space and the right time for us to scale up,” Rob Reeg, President of Operations and Technology told Huffington Post India.
The announcement follows MasterCard’s decision to buy up the New York based company C-Sam, which also has technology development centres in the Indian state of Gujarat. The company has created a system called MasterPass, which allows customers to make online payments without entering card details.
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