Mastercard on Thursday strengthened its commitment to developing world-class technology and commerce opportunities with the opening of an expanded Technology Centre in Vadodara.
The new campus reinforces the company's support of the government's initiative to enhance India's digital capabilities. Spread across 65,000 square feet, the state-of-the art facility will serve as a natural collaboration centre for more than 700 employees.
"With its incredible pool of talent and opportunities for digitization, India is a strategic market and innovation hub for Mastercard. The expansion of our Technology Centre in Vadodara is an extension of our undertaking to drive the next level of growth and support the government's agenda to shape a digital future and less-cash society in the market," said co-president, Asia Pacific, Mastercard, Ari Sarker.
Mastercard's Vadodara Centre is part of the company's vision to build a world beyond cash in India and beyond. Over the past few years, it has contributed to the "Make in India" and "Digital India" campaigns. In 2017, Mastercard collaborated with the Indian government to launch Bharat QR, an application that provides local, small and medium enterprises with a low-cost way to accept digital payments from any type of mobile phone.
"Every day, our teams are working relentlessly to deliver real-world technology that breaks down barriers and makes people's everyday lives easier, more efficient and secure," said Ed McLaughlin, president, Operations and Technology, Mastercard. "That's what makes this office so important. Our Vadodara team is crucial to the next generation digital services and solutions Mastercard will implement across the world."
As a key enabler of global commerce, Mastercard has rolled out a suite of innovations streamlining and safeguarding the payments process, including QR codes, biometrics and wearables. The company was recently recognized by Fortune as one of world's most forward-looking, innovative companies and ranked fourth globally by Brandwatch for offering the best in customer experiences.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.