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| Mastercard to invest $1 billion in India | Writer | Admin | |||
|---|---|---|---|---|---|
Payments company Mastercard has said it will invest an additional $1 billion in India, nearly a third of which will go towards building payments processing node that goes beyond its commitment to the Reserve Bank of India (RBI) on storing data in the country. This is in addition to the $1 billion the US giant has already pumped into India in the last five years, a large part of which is for providing technology and back office support to global operations.
Mastercard co-president (Asia-Pacific) Ari Sarker said in the last five years, the company has made a fundamental shift in its presence in India. "From 30-odd people in essentially a sales and distribution organization, we have grown to over 2,000 people here, representing 14% of our global workforce. We have technology centres in Baroda, Pune and Gurgaon."
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| No | Subject | Writer | Date |
|---|---|---|---|
| 259 | Mastercard to invest $1 billion in India | Admin | 19-05-21 |
| 258 | Jewar Airport takes off: Experts expect boost to real estate investment in Noida… | Admin | 19-05-21 |
| 257 | Yamaha India achieves milestone two-wheeler production figure | Admin | 19-05-15 |
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| 255 | Agriculture, processed food exports up 7% in FY19 | Admin | 19-05-14 |
| 254 | Japanese advertising company buys majority stake in FHO Communications | Admin | 19-05-14 |
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| 252 | Mirae Asset invests $5 mn in India’s food delivery service Shadowfax | Admin | 19-05-13 |
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| 250 | TVS Motor invests $3.85 Million in TagBox as part of Series A funding | Admin | 19-05-09 |