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
  • Others Food Service
    “The Fritter Fry” is a brand decked up this guts and..
    Locations looking for expansion INDORE
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MADHYA PRADESH INDORE
  • Cosmetics & Beauty Product Stores
    We are a Premium Quality Natural and Organic beauty and..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: We are a startup company with a unique concept..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 035
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Executive Summary: Many great companies are struggling, and many people aspire..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kalyan Maharashtra
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