Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 07 2019

Mastercard eyes investing $1 billion in India in next 5 years

In the last five years, the company has already invested $1 billion in the Indian market.

Mastercard eyes investing $1 billion in India in next 5 years

Mastercard, the global card payments major, will be investing $1 billion in India in the next five years. It is planning to make the country a global technology node for its platforms.

In the last five years, the company has already invested $1 billion in the Indian market.

Ari Sarker, Co-President, Asia Pacific, Mastercard, said, "Over the last five years, we invested about $1 billion in India. Given our increasing confidence in the Indian economy where it is likely to be over the coming decade, we are stepping up on our investment commitment in India. We are committing another $1 billion into India (for next five years)."

With this investment, Mastercard will increase its speed-to-market capabilities and value-added services.

"What we mean by that is as a payments network we are a global network. All our transactions traverse towards a global network where the technology centres are in the US. And now India is going to become the first country outside of the United States which will have a global technology node," Sarker stated.

He further added, "We are also going to expand our existing capabilities and do more. We are also looking at partnerships, investment opportunities in a more significant way for India. We also think India's fintech growth is extremely exciting."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Ayurvedic, Herbal & Organic Products
    About us: Established in 2015, Balu Herbals Pvt Ltd. is one..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Thindi Xpress with its rich ingredients and unique dishes..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Sweetshop
    About Us: Chhappan Bhog is a reputed name in premium quality..
    Locations looking for expansion West bengal
    Establishment year 1981
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
  • Designer Jewellery
    About Us: Flaunt Basket is a popular brand offering fashionable silver..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities