 "MasterCard credit cards are seen in this illustrative photograph. Photo: Reuters")
Global payments company Mastercard has planned to invest nearly $1 billion in India over the next five years towards the development of new technologies and products.
"The proposed investment will be made over a period of five years in our India operations, which includes an R&D facility at Pune and another centre at Vadodara,” Mastercard vice president (customer delivery) Amitabh Khanna told Business Standard here on Friday.
He informed both of these facilities catered to the company's global operations, of which Vadodara provided the backend multiple payments support. He said the company was looking to expanding the Pune centre.
Khanna
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