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
  • About Us: Format Investment Brand Fee Space Staff Expected Monthly..
    Locations looking for expansion West Bengal
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • SmartChargEV is an infrastructure enterprise on mission to make available..
    Locations looking for expansion Telangana
    Establishment year 2021
    Franchising Launch Date 2021
    Investment size Rs. 50lac - 1 Cr.
    Space required 4500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Drinking Water Supply
    About Us: The Procter & Gamble Company (P&G) Manufactures the P&GTM..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10000 - 50000
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
  • Clinics & Nursing Homes
     Remassis (https://www.remassis.com) is India’s 1st chain of E-poly clinics. Powered..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities